I believe the term would be “lawyer speak”.
Every company in the world has a group of lawyers who will word the TOS so no one can come back and sue them if something goes wrong.
Everybody does this. They’re just covering their [MOD EDIT].
I wouldn’t be surprised to find that hidden deep in the TOS of professional security systems costing thousands of dollars more, there is also a similar statement.
[Mod Edit: Post edited to conform to Wyze Community Guidelines.]