Offloading the responsibility for following "wiretapping, eavesdropping and privacy laws" onto the customer sounds - beyond being incredibly scummy behaviour - borderline illegal. You can't just wash your hands clean of any shitty business practice by updating your ToS.
Anyone who owns an LG smart TV must inform all guests and family members that they are being monitored – this is required by LG's current terms of use. Meanwhile, LG monitors install potential malware and surveillance software on a connected Windows computer.