Concorde Agreement
The contract terms remain mostly confidential. It is known that teams were required to appear and compete in every race. This would ensure that the newly acquired television public that they would have a race to watch. The agreement also granted FOCA the right to televise Formula One races. This may have been the most important part of the agreement. This right was "leased" to Formula One Promotions and Administration, a company created and owned by Bernie Ecclestone. Another important part of the agreement was that the rules would be kept stable.