The FIA and the F1 Group say that the long running saga of the Concorde Agreement is about to conclude.
The sport has operated without one since the end of last year, and the final hold-up involved arrangements between the FIA and Bernie Ecclestone, rather than the teams.
The two parties released a joint statement saying that the new seven-year deal is now just waiting for final approval and signatures:
The Formula 1 Group and the FIA have signed an agreement setting out the framework for implementation of the 2013 Concorde Agreement.
This agreement will come into force upon approval by the respective governing bodies of the signatory parties in the coming weeks.
Further information on this agreement will be available after receipt of such approval.
Adam Cooper F1 