Agreements and rules are necessary so that one group doesn't ruin it for everyone else. It also prevents (or at least reduces) conflict if everyone knows what the rules of the game are.

Here is an excerpt from the article:

A significant development in the governance of space resources has been the adoption Artemis Accords, which — as of June 2025 — has 55 signatory nations. The accords reflect a growing international consensus concerning the exploitation of space resources.

Considering the typically slow pace of multilateral negotiations, a handful of nations introduced national legislation. These laws govern the legality of space resource exploitation, allowing private companies to request licenses to conduct this type of activity.

To date, six nations have enacted this type of legislation: the United States in 2015, Luxembourg in 2017, the United Arab Emirates in 2019, Japan in 2021, Brazil in 2024 and most recently, Italy, which passed its law on June 11, 2025.

Among these, Luxembourg’s legal framework is the most complete. It provides a series of requirements to provide authorization for the exploitation of space resources. In fact, ispace’s licence to collect lunar regolith was obtained under this regime.

If you are referring to this paragraph:

These principles reaffirm the freedom of use and exploration of outer space for peaceful purposes, while introducing rules pertaining to the safety of the activities and their sustainability, as well as the protection of the environment, both of Earth and outer space.

Space junk is a growing issue, see Kessler Syndrome

en.wikipedia.org/wiki/Kessler_…

The Kessler syndrome underscores the critical need for effective space traffic management and collision avoidance strategies to ensure the long-term viability of space exploration and utilization.

The Kessler syndrome is troublesome because of the domino effect and feedback runaway wherein impacts between objects of sizable mass spall off debris from the force of the collision. The fragments can then hit other objects, producing even more space debris: if a large enough collision or explosion were to occur, such as between a space station and a defunct satellite, or as the result of hostile actions in space, then the resulting debris cascade could make prospects for long-term viability of satellites in particular low Earth orbits extremely low

It's a big enough concern that Kessler Syndrome is one of the potential solutions to the Fermi Paradox

Some astronomers have hypothesized Kessler syndrome as a possible or likely solution to the Fermi paradox, the lack of any sign of alien life in the universe. Any intelligent civilization which becomes spacefaring could eventually extinguish any safe orbits via Kessler syndrome, trapping itself within its home planet.

planetary low-orbit debris hazard

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