By: Brown S.B. No. 1240 A BILL TO BE ENTITLED AN ACT 1-1 relating to mediated settlement agreements. 1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-3 SECTION 1. Section 154.071, Civil Practice and Remedies 1-4 Code, is amended by adding Subsections (d) and (e) to read as 1-5 follows: 1-6 (d) A mediated settlement agreement is subject to revocation 1-7 by a party before rendition of judgment or decree, unless: 1-8 (1) the settlement agreement contains, in a separate 1-9 paragraph, an underlined statement that the settlement agreement is 1-10 not subject to revocation; 1-11 (2) the settlement agreement is signed by each party 1-12 to the settlement agreement; and 1-13 (3) if the party has an attorney representing the 1-14 party in the matter being mediated, the party's attorney approves 1-15 the settlement agreement if the party's attorney is present when 1-16 the settlement agreement is signed. 1-17 (e) If a mediated settlement agreement meets the 1-18 requirements of Subsection (d), a party is entitled to judgment or 1-19 decree on the mediated settlement agreement. 1-20 SECTION 2. The importance of this legislation and the 1-21 crowded condition of the calendars in both houses create an 1-22 emergency and an imperative public necessity that the 1-23 constitutional rule requiring bills to be read on three several 2-1 days in each house be suspended, and this rule is hereby suspended, 2-2 and that this Act take effect and be in force from and after its 2-3 passage, and it is so enacted.