Late Payment Charge, Cancellation and Termination . Limitation of Liability . Hiring of Licensor Employees . Buyer acknowledges that in order to provide competent Services, Licensor will make substantial investments of time and money in the recruitment and training of its technical staff. Buyer further acknowledges that if it were to hire any of Licensor's employees, Licensor would suffer losses and incur expenses in connection with the recruitment and training of replacement employees, which losses and expenses are not possible to quantify.
Buyer agrees that such payment is fair and reasonable in the circumstances.
The payment obligation in this Section 6 shall survive any termination or cancellation of this Agreement. Arbitration and Applicable Law . Except for Licensor's right to apply to a court of competent jurisdiction, at its election, for equitable relief to enforce its rights under this Agreement, all such claims shall be determined by arbitration venued in Erie County, New York in accordance with the rules of commercial arbitration of the American Arbitration Association. Any award shall include all applicable interest and attorney's fees, costs and expenses, including the expenses of arbitration, of the prevailing party and shall be enforceable in any court of competent jurisdiction. Jurisdiction and Venue .