A series of events on business and human rights that took place during the IV KharkivInternational Legal Forum in September 2020 is overviewed.The central topic of the discussions is the question of the possibility (or inevitability) of a newsocial contract, where, along with society and the state, business should become a party. The business’simpact on the daily people life and even on the state itself is becoming more and more significant.Business is seen as a direct bearer of human rights responsibilities, especially in situations where the state is too weak to protect human rights, or when it comes to an area of autonomous space in whichthe state should not interfere.Society needs to develop mechanisms that would guarantee the compliance of non-state regulationestablished by business with fundamental legal values – respect for human dignity, justice, freedom,equality. The questions of the application of the requirements of the rule of law to the sphere of suchnon-state regulation, its role in the moments of democratic transformations in societies, as well ason the mechanism of “checks and balances” in a situation when business is outside state control areactualized. Business responsibilities in situations of global dangers should be the subject of an analysisas well. Corporate responsibility to respect human rights, human rights due diligence, non-stateremedies to protect human rights – these and other concepts that are becoming an integral part oflegal practice today require rethinking from legal theory.Scientists, representatives of government entities and business, civil society organizations from30 countries took part in the events.