Franchisees also need to be aware that, while it can be relatively simple to enter into a Franchise Agreement, it may be far more difficult to extract yourself from one. A standard Franchise Agreement is a long-term obligation to a third party (often of six to ten years in length). The Agreement will include strict obligations which have to be complied with for the full length of the term. Failure to comply with these obligations may (in many situations) allow the franchisor to terminate the Agreement.