The creation of the ICAS and the new structure of the CAS were approved in Paris, on 22 June 1994, with the signing of the Agreement concerning the constitution of the International Council of Arbitration for Sport, known as the Paris Agreement. This was signed by the highest authorities representing the sports world, viz. the presidents of the IOC, the Association of Summer Olympic International Federations (ASOIF), the Association of International Winter Sports Federations (AIWF) and the Association of National Olympic Committees (ANOC).
The preamble of the Agreement states that with the aim of facilitating the resolution of disputes in the field of sport, an arbitration institution entitled the Court of Arbitration for Sport" (hereinafter the CAS) has been created, and that, with the aim of ensuring the protection of the rights of the parties before the CAS and the absolute independence of this institution, the parties have decided by mutual agreement to create a Foundation for international sports-related arbitration, called the International Council of Arbitration for Sport (hereinafter the ICAS), under the aegis of which the CAS will henceforth be placed.
The Agreement determined the appointment of the initial members of the ICAS and the funding of the CAS. In 2003, the ICAS/CAS budget totalled CHF 7,3 million.
Since the Paris Agreement was signed, all Olympic International Federations and many National Olympic Committees have recognised the jurisdiction of the Court of Arbitration for Sport and included in their statutes an arbitration clause referring disputes to the CAS. Since the World Conference on Doping in Sport, held in March 2003, the Olympic Movement and numerous governments have promulgated the World Anti-Doping Code, Article 13 of which states that the CAS is the appeals body for all international doping-related disputes.