There exist several key methods of dispute resolution in Mongolia. For instance, the court litigation, arbitration and mediation.

     The conventional dispute resolution is court litigation, i.e., lawsuit in courts of Mongolia. The judicial system consists of the Supreme Court (in UB) as the highest court with a number of appellate (in UB and Aimags) and first instance courts (in UB and soum-level of Aimags). The Constitution of Mongolia also allows for the formation of specialized courts such as criminal, civil and administrative courts. Civil court procedure resolves civil law disputes, i.e., the disputes which arise between private parties (e.g., individuals and enterprises). Administrative court procedure resolves claims brought to it by private parties against state administrative (government) agencies or officials. Since Mongolia has adopted a civil law system of jurisprudence, judges are not obliged to follow legal precedents.

     Alternative dispute resolution is an arbitration. Any commercial dispute that the parties agree to resolve by arbitration in accordance with is an arbitration dispute. An arbitration agreement must be in writing and may be made before or after a dispute arises. Most arbitration disputes in Mongolia are submitted to the Mongolian International and National Arbitration (MINAC). Another institutional (permanent) arbitration tribunal in Mongolia is the recently established arbitration tribunal under the Ulaanbaatar Chamber of Commerce. Ad hoc arbitration may be set up by the parties, but in practice has been rarely used in Mongolia. Both institutional and ad hoc arbitration has same rights in arbitration procedure.