I find such agreements very troubling, because it gives up public funded dispute resolution for private which nearly unanimously benefits larger entities
For starters, check if that term is valid in your country's legislation. Where I am for example, no contract with a foreign entity can legally retract your rights of legal representation, so any ToS you agree to that have this clause would be automatically considered invalid and you can happily eg.: start a class action lawsuit (with other users in your country).
(tbf, in my country ToS are not even considered legal contracts in the first place so we're somewhat better than that, but still I do get that other countries are ~*Worse*~)