Any claim or dispute between you and InvenTel.TV LLC (or any of InvenTel’s subsidiaries or affiliates) arising out of or relating in any way to the Product or this Agreement shall be resolved through final, binding arbitration. This arbitration obligation applies regardless of whether the claim or dispute involves a tort, fraud, misrepresentation, product liability, negligence, violation of a statute, or any other legal theory. Both you and InvenTel.TV LLC specifically acknowledge and agree that you waive your right to bring a lawsuit based on such claims or disputes and to have such lawsuit resolved by a judge or jury.

All arbitration under this Agreement shall be conducted only on an individual (and not a class-wide) basis and an arbitrator shall have no authority to award class-wide relief. You acknowledge and agree that this Agreement specifically prohibits you from commencing arbitration proceedings as a representative of others or joining in any arbitration proceedings brought by any other person.

a. Before commending any arbitration proceedings under this Agreement, you must first present the claim or dispute to InvenTel.TV LLC by calling 888-596-2538, providing requested contact information and allowing InvenTel the opportunity to resolve the claim or dispute. If you claim or dispute is not resolved within sixty (60) days, you may commence arbitration proceedings in accordance with the terms of this Agreement.

b. The arbitration of any claim or dispute under this Agreement shall be pursuant to the American Arbitration Association (“AAA”) United States Commercial Dispute Resolution Procedures and Supplementary Procedures for Consumer-Related Disputes. The rules and procedures are available by calling the AAA or visiting its website at www.adr.org.

c. The arbitration of any claim or dispute under this Agreement shall be conducted in the State of New Jersey or the location in which you received this Agreement.

d. All administrative expenses of arbitration proceedings under this Agreement shall be divided equally between you and InvenTel.TV LLC, except that:

• (a) if the claim or dispute subject to the arbitration proceedings is less that ten thousand dollars ($10,000), you will be responsible for no more than one hundred twenty-five dollars ($125) in administrative expenses;
• (b) if the claim or dispute subject to the arbitration proceedings is more than ten thousand dollars ($10,000), but less than seventy-five thousand dollars ($75,000), you will be responsible for no more than three-hundred seventy five dollars ($375) in administrative expenses; and
• (c) if the claim or dispute subject to the arbitration proceedings is more that seventy-five thousand dollars ($75,000), then you will be responsible for administrative expenses in accordance with the Commercial Fee Schedule provided by the AAA. You acknowledge and agree that each party shall pay the fees and costs of its own counsel, experts and witnesses.

If any provision of this Agreement is declared or found to be unlawful, unenforceable or void, such provision will be ineffective only to the extent that it is found unlawful, unenforceable or void, and the remainder of the provision and all other provisions shall remain fully enforceable.

This Agreement shall be governed by the United States Federal Arbitration Act and the laws of the State of New Jersey.