Like any Mediation Program, JVC’s Mediation Program has its pros and cons. First, mediation saves both parties time, money and energy in comparison to litigation or other forms of dispute resolution. Second, JVC’s unique 100+ years in the jewelry industry has equipped it with knowledge of the jewelry industry and products offered that far exceeds the knowledge of many non-industry attorneys and/or dispute negotiators. Thus, JVC’s staff has specialized knowledge that allows it to knowledgeably communicate with mediation parties.
Finally, parties should keep in mind that mediation is completely voluntary, which means it can be risky. While many of our mediations have ended with a fair settlement for both parties, not all parties are able to come to an agreement. In the case of a failed mediation, the JVC may still be able to assist parties in resolving their disputes through other methods.