Concorde Agreement
During a meeting on 8 July between the FIA and FOTA on future regulations, the teams walked out of the meeting after being informed that they were not entered for the 2010 season and could therefore have no input on regulatory discussions. In response it was announced that plans for a breakaway series were still being pursued. Negotiations on a new Concorde Agreement directly with CVC, the commercial rights holders, led to the eventual end of the dispute with its signing by the FIA on 1 August. The new Concorde Agreement secured the sport's future until its expiration in 2012.