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End User License Agreement

Effective Date: September 23, 2025

This End User License Agreement ("EULA") is a legal agreement between you ("User", "you" or "your") and Velda ("Company", "we", "us" or "our") for the use of Velda's hosted development environment and cloud computing services ("Service").

By accessing or using our Service, you agree to be bound by the terms of this EULA. If you do not agree to these terms, do not use our Service.

1. License Grant

1.1 Service License
Subject to your compliance with this EULA, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use our hosted development environment service for your personal or business development needs.

1.2 Scope of Use
You may use our Service to:

  • Deploy and run development environments
  • Execute code and applications in our cloud infrastructure
  • Store and process development-related data
  • Access GPU and compute resources as provided

2. Acceptable Use

2.1 Permitted Activities

  • Software development and testing
  • AI/ML model training and inference
  • Data processing and analysis
  • Educational and research purposes
  • Commercial software development

2.2 Prohibited Activities
You may not:

  • Use the Service for illegal activities or to violate any laws
  • Mine cryptocurrency or engage in distributed computing attacks
  • Attempt to breach security or access unauthorized systems
  • Share account credentials or allow unauthorized access
  • Reverse engineer, decompile, or disassemble our Service
  • Use the Service to store or distribute malware, viruses, or harmful code
  • Engage in activities that could harm our infrastructure or other users
  • Violate intellectual property rights of third parties
  • Use the Service beyond allocated resource limits without authorization

3. Account and Access

3.1 Account Creation
You must provide accurate and complete information when creating an account. You are responsible for maintaining the security of your account credentials.

3.2 Access Control
We reserve the right to suspend or terminate access to your account if you violate this EULA or engage in activities that pose security risks.

4. Service Availability and Modifications

4.1 Service Level
While we strive to maintain high availability, we do not guarantee uninterrupted access to our Service. Scheduled maintenance and updates may require temporary service interruptions.

4.2 Modifications
We reserve the right to modify, update, or discontinue features of our Service with reasonable notice to users.

5. Data and Content

5.1 Your Data
You retain ownership of all data, code, and content you upload, create, or store using our Service ("User Data"). You grant us a limited license to process and store your User Data solely to provide our Service.

5.2 Data Security
We implement industry-standard security measures to protect your data. However, you acknowledge that no system is completely secure and use our Service at your own risk.

5.3 Data Backup
You are responsible for backing up important data. We may provide backup features, but we are not liable for data loss.

6. Intellectual Property

6.1 Our Rights
All intellectual property rights in our Service, including software, documentation, and trademarks, remain our property or that of our licensors.

6.2 Feedback
Any feedback, suggestions, or improvements you provide regarding our Service may be used by us without compensation or attribution.

7. Payment and Billing

7.1 Fees
Use of certain Service features may require payment of fees. Current pricing is available on our website and may be updated with notice.

7.2 Payment Terms
Fees are charged according to your selected plan. Failure to pay may result in service suspension or termination.

8. Limitation of Liability

8.1 Service Disclaimer
OUR SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

8.2 Liability Limits
TO THE MAXIMUM EXTENT PERMITTED BY LAW, OUR TOTAL LIABILITY ARISING FROM OR RELATING TO THIS EULA OR YOUR USE OF OUR SERVICE SHALL NOT EXCEED THE AMOUNT YOU PAID US IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

8.3 Excluded Damages
WE SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF DATA, LOSS OF PROFITS, OR BUSINESS INTERRUPTION.

9. Indemnification

You agree to indemnify and hold us harmless from any claims, damages, losses, or expenses arising from your use of our Service, violation of this EULA, or infringement of third-party rights.

10. Term and Termination

10.1 Term
This EULA remains in effect while you use our Service.

10.2 Termination by You
You may terminate this EULA by discontinuing use of our Service and closing your account.

10.3 Termination by Us
We may terminate your access immediately for violation of this EULA or at our discretion with reasonable notice.

10.4 Effect of Termination
Upon termination, your right to use our Service ceases, and we may delete your User Data after a reasonable retention period.

11. Governing Law and Disputes

11.1 Governing Law
This EULA is governed by the laws of California, without regard to conflict of law principles.

11.2 Dispute Resolution
Any disputes arising from this EULA shall be resolved through binding arbitration, except that either party may seek injunctive relief in court.

12. General Provisions

12.1 Entire Agreement
This EULA constitutes the entire agreement between you and us regarding use of our Service.

12.2 Severability
If any provision of this EULA is found unenforceable, the remaining provisions remain in full force and effect.

12.3 Updates
We may update this EULA from time to time. Continued use of our Service after updates constitutes acceptance of the revised terms.

12.4 Contact
For questions about this EULA, contact us at legal@velda.io.

Last Updated: September 23, 2025