Voluntary assumption of responsibility between parties is essential to a free market and has been used in the contracting industry to create efficiencies and lower costs to property owners, tenants, and consumers. Prohibiting free contracting in this case would result in more lawsuits.
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...