I think we need to acknowledge that a lot of what these agreements outline is, to a large degree, subjective. If human language, or expression in general, weren't contextual and up for interpretation, then I think this would be a viable way of looking at things, but that simply isn't the case.
So long as there is room for interpretation, and the consequences (politically, economically, etc.) of those interpretations are potentially far reaching, leaving it up to private companies with no oversight isn't a good option.
So long as there is room for interpretation, and the consequences (politically, economically, etc.) of those interpretations are potentially far reaching, leaving it up to private companies with no oversight isn't a good option.