Each member is an agent of the LLP. As a result, they each have the power enter into binding commitments on behalf of the LLP. This default position can be amended by the LLP agreement. For example, it is usual to restrict a single member from (amongst other things) hiring employees, giving guarantees, incurring credit or entering into a commitment above a certain financial limit on behalf of an LLP. Such limitations may not prevent a member from entering into such binding agreements on behalf of an LLP, but will give the other members the right to hold that member to account for exceeding his authority under the terms of the LLP agreement.