The flexibility of the law with regard to its rules relating to the Agency allows for a derogation from the fundamental legal principle of “legal effect”; In other words, the parties cannot delegate rights or obligations with respect to the treaty to anyone other than themselves. A P&A contract allows the agent to create legal relationships (for example. B a lease agreement) which links a third-party financier to the final customer. A principal will instruct an agent to do something that the principal cannot do, or that he does not have time to do elsewhere. There are many examples of the impact this often has on business and in everyday life. Your company`s shareholders appoint board members to use their expertise in running a business. You use a real estate agent to find you commercial properties.