MotoGP has agreed a deal which will keep the Czech Republic Grand Prix in Brno until 2020.
Brno hosted its first grand prix back in 1965 and the 2016 race is scheduled for August 21, forming part of a mid-season double header by taking place one week after the race in Austria.
Dorna Sports, the commercial rights holder for MotoGP, has negotiated a deal with the Czech Grand Prix Association, which will be responsible for arranging the races.
The company's chief executive officer, Carmelo Ezpeleta, was pleased with the new agreement which he feels will provide greater clarity around the organisation of the event.
"The signing of this agreement is one of the most important acts as far as [MotoGP] is concerned," Ezpeleta said in a statement.
"It is very important for our company, which arranges those races, that the Brno Circuit is a part of the championship for the following years.
"This agreement deals with all the unresolved questions about the holding of races in the past."
Brno mayor Petr Vokral added: "A year ago, not only was it hazy outside but the future arrangement of grand prix was hazy as well. I am glad that we have found a way to arrange MotoGP in Brno.
"The breakpoint was the last year's agreement to establish the [Czech Grand Prix] Association, which would have public support.
"I would also like to thank Mr Ezpeleta for his extraordinary patience, which enabled the conclusion of the agreement. Now, it guarantees that Moto GP will be held in Brno for the next five years."