A single Scottish Professional Football League set-up was finally rubber-stamped by all 42 clubs after around 15 hours of talks at Hampden Park.
Hibernian chairman Rod Petrie believes this should allow the game north of the border to move forward in a positive way.
The agreement finally sees the Scottish Premier League and the Scottish Football League merge into one organisation.
Former SPL board member Petrie said: "It's been a difficult day for a lot of people, there has been a lot to consider, but everybody has approached it in a positive and professional manner.
"I think it's right that everybody took their time and made sure that we got the fine detail correct.
"Here we are in agreement and all the clubs can go forward in a positive vein now.
"People have had strong opinions and they are right to have strong opinions to do what they think is right for their club and we now have 42 clubs who have agreed on a way forward and that's got to be a positive stance for Scottish football.
"From a supporters' point of view, they probably don't see a lot of change but from the management of the game and the way that we organise ourselves, it will streamline the way things are done and hopefully we can all get behind some new initiatives for the game going forward to help things on the pitch."