Parties

God spoke to Noah and to his sons with him, saying, "And I, behold, I now establish My covenant with you and with your seed after you, and with every living soul that is with you, the birds, the livestock, and every animal of the earth with you, of all that go out of the ark; every animal of the earth. 11 " -- Genesis 9:8-10 (ESV)

Conditions

I will establish my covenant with you; all flesh will not be cut off again by the waters of a flood, nor will there again be a flood to destroy the earth." -- Genesis 9:11 (ESV)

Confirmation

God said, "This is the sign of the covenant that I make between me and you and every living soul that is with you, for all generations to come:

I set my bow in the cloud, and it will be a sign of a covenant between me and the earth. And when I cloud the earth with clouds and the bow is seen in the clouds, I will remember My covenant that is between Me and you and every living soul of all flesh, and the waters will never again become a flood to destroy all flesh. When the bow is in the cloud, I will look at it, remembering the everlasting covenant between God and every living soul of all flesh that is on the earth."

Then God said to Noah, "This is the sign of the covenant that I have established between Me and all flesh that is on the earth."

-- Genesis 9:12-17 (ESV)

This covenant is still valid.