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Published 14:05 7 Jul 2015 BST
This could give new Top Gear host Chris Evans time to establish his own version of the show and seriously put a dent in the support for the original cast.
However, the clause does not extend to online broadcasters, opening the door for a move to Netflix, Amazon or Yahoo.
Similarly, the clause is believed to only mention shows about cars, meaning Clarkson and co. could still make an ITV programme on another topic, like the magic of science.
Or maybe not.
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