The rules governing the formation, interpretation, and enforcement of contracts are generally well-settled in the U.S. and in many other jurisdictions that depend upon international commerce. However, like almost everything else, COVID-19 disrupted the rules and posed new challenges for parties trying to allocate risks and realize benefits through contracts. Although legal doctrines of force majeure, frustration and impracticability are well-established in doctrine, their applications in a specific context, such as Covid-19, are often uncertain. The UCLA Anderson Center for Global Management and UCLA School of Law’s Lowell Milken Institute for Business Law and Policy hosted their inaugural global and business policy forum of the academic year in a virtual interactive discussion format. Gonzalo Freixes, associate dean and adjunct professor of accounting, law and international business and Tim Malloy, professor of law and the Frank G. Wells Endowed Chair in Environmental Law addressed the business and legal issues facing parties to contracts in which COVID-19 has possibly affected the parties’ performance under the contract. They examined how different jurisdictions globally approach the problem and provided guidance on how contracting parties can try to protect the benefits of a contract or excuse performance in the face of a global pandemic. During his discussion that provided a more global perspective on force majeure and risk allocation, Freixes shared insights and reviewed French Law as well as specific measures taken by countries such as Singapore and Germany. Full-time, fully employed and executive MBA students met and networked with JD and LLM students from the UCLA School of Law. In small groups, students discussed two hypotheticals to review force majeure clauses in contracts and returned to the main session to share their thoughts and deliberations on the discussion questions. Joel Feuer, executive director for the Lowell Milken Institute for Business Law and Policy and a professor from practice facilitated the student discussions. Gonzalo Freixes is a professor in the accounting area and serves as associate dean for the fully employed and executive MBA programs. He has been a practicing lawyer for over 40 years. In addition to his administrative duties, Freixes teaches business law, international business law, business ethics, corporate and individual taxation, and real estate law and taxation in the MBA program and in the undergraduate accounting minor. He has lectured in numerous countries in Europe, Latin America and Asia on international business and tax subjects as well as on corporate governance, business ethics, international business law and trial advocacy. Tim Malloy joined the UCLA Law faculty in 1998, after spending a combined 11 years in practice at private firms and at the United States Environmental Protection Agency (EPA), Region III. He teaches contracts, environmental aspects of business transactions, regulatory lawyering, regulation of the business firm, environmental policy and politics. His research interests focus on environmental, chemical and nanotechnology policy, regulatory policy, and organizational theory and decision analysis, with particular emphasis on the relationship between regulatory design and implementation and the structure of business organizations. The Global Business and Policy Forum is a collaborative partnership between UCLA Anderson’s Center for Global Management and the UCLA School of Law's Lowell Milken Institute for Business Law and Policy.