Williams has become the first current Formula One team to commit to the 2010 season after revealing it has lodged its entry with the FIA.
A number of outfits, including Ferrari and Toyota, have already stated that they aren't prepared to sign up for the 2010 campaign unless changes are made to the proposed budget cap rules – although the FIA has suggested it may postpone that plans until 2011 following discussions with the teams in Monte Carlo over the course of the weekend.
Williams' entry comes at a time when the Formula One Teams' Association says it is has come to a 'common view' in its bid to solve the issues created by the budget cap, but the Williams chief executive Adam Parr said the team wasn't going against its fellow teams in committing to the 2010 season.
"The unity of FOTA is of paramount importance to Williams," he told Reuters
. "Yesterday we joined the other members of FOTA in writing to the FIA to request a continuing effort to find a compromise concerning the regulations for 2010."
Parr added that Williams was keen – along with the other teams in FOTA – to commit to a new Concorde Agreement, which remains unsigned as a resolution is sought to the budget cap problem.
"We believe that under the leadership of Luca di Montezemolo and John Howett, FOTA has extracted some very significant concessions from the FIA," he said. "These include not only the procedural aspects of the budget cap but also other elements that will enable the higher budget teams to participate.
"Having said that, Williams has - and has always maintained - that we have a binding contract with both FOM and the FIA to participate in the world championship from 2008 to 2010.
"We have been paid in full for our participation and we feel both morally and legally obliged to make it clear that we will participate in Formula One in the future as we have in the past 30 years.
"We owe this to our employees, our sponsors and the fans, all of whom are affected by statements that the teams may not enter next year's championship.
"We will continue to work within FOTA and with FOM and FIA to find a compromise but no-one should be in any doubt about our commitment to the FIA F1 world championship."