The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile ( FIA ) , the Formula One teams and the Formula One Group which dictates the terms by which the teams compete in races and how the television revenues and prize money is divided .
The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile ( FIA ) , the Formula One teams and the Formula One Administration . The Concorde Agreement defines the agreement about how the teams race , and how the money is divided up .