1. 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.
  2. All administrative expenses of arbitration proceedings under this Agreement shall be divided equally between you and InvenTel Products, 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.

 

  1. SEVERABILITY. 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.

 

  1. CHOICE OF LAW. This Agreement shall be governed by the United States Federal Arbitration Act and the laws of the state of New Jersey.

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