What are the details of Sergio Perez's new Red Bull contract?

There were rumours for the first eight races of the 2024 Formula 1 season that Sergio Perez may leave Red Bull Racing as they struggled to come to an agreement over a contract extension. However, both the Mexican and the Austrian team came to an agreement before the 2024 Canadian Grand Prix. But what contract extension have the two parties both agreed upon? And how long does that keep Perez at Red Bull? GPblog explains.