Master Services Agreement

Last Updated on: March 18th, 2025.

1. Parties

This Master Service Agreement (hereinafter referred to as "Agreement") is entered into by and between "Simetrik" and “Customer”, both legal entities whose details are provided in the executed Order Form, governed by the terms and conditions outlined herein, and to which they are bound by upon execution of the Order Form

Customer acknowledges that by executing the Order Form that references this Agreement, Customer agrees to its terms.  

2. Definitions

The capitalized terms in this Agreement not otherwise defined throughout the Agreement shall have the following meanings:

"Cloud Services"
Simetrik’s proprietary Cloud Services, as identified in the relevant Order Form and as modified from time to time. The Cloud Services includes the Software and any documentation but not Professional Services deliverables.
"Customer"
legal entity that has entered into the Order Form with Simetrik.
"Intellectual Property"
all copyrights, patents, trademarks, trade secrets, moral rights, and other intellectual property rights recognized in any jurisdiction.
"Order Form"
a document specifying the Services to be provided hereunder that is entered into between Customer and Simetrik, including any amendment and supplements thereto.
"Party"
either the Customer or Simetrik, collectively referred to as the "Parties."
"Professional Services"
any additional professional services purchased by the Customer and provided by Simetrik, limited to aiding in Software implementation and training.
"Services"
"Services"
"Software"
Simetrik No Code cloud software, including but not limited to source code, object code, documentation, and related materials, as well as all updates and support provided during configuration and use.
"Statement of Work"
a document specifying the Professional Services to be provided hereunder executed by Customer and Simetrik.
"User(s)"
Customer employees, contractors, and/or collaborators authorized by the Customer to use the Services or granted access to the Services by the Customer.

3. Services And Services Usage

3.1. Simetrik shall, according to the terms and conditions of this Agreement, provide Customer, solely for its internal business operations,

  1. a) with a non-transferable and non-exclusive right to access and use the Software;
  2. b) Support, according to the support plan hired by the Customer in the corresponding Order Form
    (“Cloud Services”).

3.2. Simetrik may perform Professional Services as described in an Order Form and/or Statement of Work, which may contain additional terms or milestones for such Professional Services.

  1. 3.2.1. Simetrik may, at its discretion, provide Professional Services through one of its subsidiaries or affiliates located in other countries. 
  2. 3.2.2. Simetrik will only be responsible and liable for Professional Services contracted directly between Customer and Simetrik and shall not be liable for services contracted by and between the Customer and third-parties, including implementation partners. 

3.3. Beta Services. Simetrik may choose to make available new services and/or functionalities that are still in their testing phase (“Beta Services”). The Customer use of the Beta Services is entirely at its discretion and risk. The Beta Services may be (i) discontinued at any time; and (ii) subject to additional terms and conditions that will be made available to the Customer before its access to such services.

3.4. Customer Database Access. Customer expressly authorizes Simetrik’s personnel to access its databases, data warehouses, or any other storage tools necessary to provide Services support. Simetrik acknowledges that all information uploaded and used by the Customer in the Software remains the Customer ’s exclusive property.  

3.5. Usability Analysis. Simetrik will monitor and analyze User behavior in the Software to improve its functionality using tools such as heatmaps, session recordings, and funnel tracking. No personally identifiable information is collected for this purpose.  

3.6. Data Integrity. Customer is the owner of the data uploaded to the Software and it is the sole responsible for its accuracy. Simetrik will not alter the data uploaded by the Customer.

4. Applicable Fees and Payment Terms

4.1. Customer shall pay Simetrik the fees set out in the Order Form and applicable Statement of Work.

  1. 4.1.1. All fees payable by the Customer are exclusive of taxes unless otherwise required by applicable law.

4.2. Unless otherwise stated in the Order Form, the fees set out in the Order Form annually automatically increase by a proportion equal to 8% of the annual values set out in the Order Form.

4.3. Unless otherwise stated in the Order Form, all fees due under this Agreement shall be paid within 30 calendar days counted from its invoice date. 

4.4. In the event Customer fails to pay within the stipulated time and remains in default after receiving a notice of non-payment from Simetrik, then:

  1. 4.4.1. Simetrik may suspend the Customer’s account and access to all or part of the Services until payment is received in full; and
  2. 4.4.2. Simetrik may charge interest on the overdue amount at the maximum rate permitted by law, from the due date until payment.

4.5. Customer shall make all payments under the Agreement in full, without any deduction, set-off, withholding or counterclaim. If the Customer is required by law to make a deduction or withholding, it shall do so increasing the payment amount so that Simetrik receives the exact fees set out in the Order Form (the same as the amount Simetrik would have received without the deduction or withholding required by law).

4.6. Each of the Parties is solely responsible for taxes based on its net income, property and employees.

5. Provider Obligations   

5.1. Simetrik shall provide the Services, pursuant to this Agreement and the applicable Order Form and Statement of Work.

  1. 5.1.1. Simetrik shall provide support through the creation of tickets and Simetrik agents, according to the support plan contracted by the Customer.
  2. 5.1.2. Simetrik will continuously monitor the use of the Software by the Customer and its Users.

5.2. Simetrik shall maintain the following certifications active and up-to-date throughout the duration of this Agreement:

  1. PCI-DSS (Payment Card Industry Data Security Standard)
  2. ISO 27701 - Extension to ISO/IEC 27001 and ISO/IEC 27002 for privacy information management 
  3. ISO 27001 - Information security management systems
  4. ISO 27018 - Code of practice for protection of personally identifiable information (PII) in public clouds acting as PII processors
  5. SOC 1, 2 and 3

5.3. Simetrik shall comply with all laws applicable to its performance under this Agreement.

6. Service Levels

6.1. Simetrik will use commercially reasonable efforts to make the Cloud Services available for Customer’s use ninety-nine point nine percent (99.9%) of the time in each month.

  1. 6.1.1. Software Maintenance. The Cloud Services may be temporarily unavailable for scheduled maintenance or unscheduled emergency maintenance, either by Simetrik or by outside cloud providers, or for other causes beyond Simetrik's reasonable control. 

6.2. In the event that the availability of the Software (“Uptime”) is less than ninety-nine point nine percent (99.9%), the Customer shall be eligible for a credit ("Service Credits"), calculated by applying a percentage to the amount billed to the Customer in the month in which the Uptime was under 99.9%, as per the table below:

Uptime
Applicable Service Credits 
Between 99.9% and 87.51%
2.0%
Between 87.50% and 85.01%
3.5%
Between 82.51% and 85.00%
5.0%
Less than 82.5%
6.5%
  1. 6.2.1. Service Credits will be granted for future payments owed by the Customer under this Agreement, provided that the Customer is up to date with the payment of its invoices. Service Credits cannot be transferred or applied to any other Agreement. The Service Credits are the sole and exclusive remedy for the Customer and Simetrik’s entire liability regarding any unavailability of the Software.
  2. 6.2.2. To receive the Service Credits, the Customer must create a request through the Software support system. The request must be processed and received by Simetrik by the last day of the following month following the unavailability. If the Uptime in the request is lower than the promised one, Simetrik will apply the Service Credit to the following invoice.
  3. 6.2.3. Uptime calculation will not take into account Software maintenance and updates whether scheduled or urgent. Simetrik will use reasonable efforts to notify Customer in advance of any unscheduled maintenance and updates (including urgent and emergency maintenance) and will provide at least 5 days’ notice for any scheduled maintenance or updates that may result in any unavailability of the Software.

6.3. Simetrik offers support for the Cloud Services in accordance with the following terms (“Support Policy”):

  1. 6.3.1. Support Hours. Support is provided during Simetrik’s normal business hours of 8 AM to 8PM (Customer’s local time), Monday through Friday, including holidays.
  2. 6.3.2. Support Channel. Customer can create and track tickets through the Help Center, located within the Software, to require Simetrik’s assistance.
  3. 6.3.3. Ticket Response.  Simetrik’s support personnel will assign a priority level (“Priority Level”) to each ticket and seek to provide responses in accordance with the table below. The starting point for measuring the times stated here will be the receipt of the ticket in the Help Center platform.
Priority Level
Characteristics
First Response
Update
High
Situations in which, generally, the Software is not accessible or does not allow navigation for any user of the account.Issues that affect critical services of the Software, such as data loading or the execution of reconciliations, on a widespread basis.
Up to 2 hours
Up to 4 hours
Medium
The critical services of the Software are functioning, but the system experiences failures in one or more basic functionalities, such as transformations, castings, or groupings.
Up to 4 hours
Up to 16 hours
Low
Minor issues that impact the usability of the Software in complementary functionalities.Tickets for inquiries, concerns, general questions, information requests, and/or monitoring.
Up to 8 hours
Up to 24 hours
  1. 6.3.4. Exclusions. Simetrik will have no obligation to provide support to the extent a ticket relates to: (a) misuse or unauthorized modifications to the Cloud Services, (b) Third-party systems or tools, (c) Professional Services deliverables, (d) User dissatisfaction with the results obtained in the tool when these are related to the configurations made by the Customer, (e) analysis of the results obtained, (f) inquiries or requests related to plans, commercial agreements, or billing, (g) consulting for the development of new use cases, (h) consulting for the optimization of existing use cases, (i) requests for new integrations contracted, support, adjustments, and/or updates to existing integrations.

7. Client Obligations   

7.1. The Customer shall:  

  1. Pay the fees set out in the Order Form.
  2. Provide Simetrik with any information needed for Simetrik’s provision of Services.
    1. Customer hereby agrees that Simetrik will not be responsible for failures in the provision of the Services related to this lack of information.
  3. Comply with the deadlines agreed with Simetrik during the duration of this Agreement. Any failure to comply with the deadlines, shall be informed in writing to Simetrik. 
  4. Inform Simetrik of any changes to its contact information and business registration. Any failure to do so will result in Simetrik having no liability for the use of such outdated information.
  5. Use the Software appropriately, without sublicensing or allowing unauthorised access.
  6. Not reverse engineer, decompile, disassemble or attempt to discover the Software’s source code, object code or underlying structure.
  7. Not modify, translate or create derivative work of the Software.
  8. Not use bots, scraping or any computer program to access the Software.
  9. Use the Software only in compliance with applicable laws and regulations, 
  10. Avoid access to insecure softwares or applications that may affect the provision of the service by Simetrik and with the capacity to cause damage, interruption of the information systems, theft and/or violation of data.
  11. Be responsible for provisioning and managing its User accounts, for its Users’ actions through the Services and for their compliance with this Agreement
  12. Ensure that Users keep their login credentials confidential and promptly notify Simetrik upon discovering any compromise of User accounts or credentials.

7.2. Third-Party Platforms/Applications/Software. If Customer uses third-party platforms, applications, or software to integrate or exchange Customer data, Customer's use is governed by its agreement with the third-party provider, not this Agreement. Simetrik is not responsible for this third-party provider services or how their providers use Customer data.

8. Confidentiality   

8.1. Confidentiality. During the term of this Agreement, each Party may disclose (the "Disclosing Party") to the other (the "Receiving Party") commercial, technical, or financial information (hereinafter referred to as the "Confidential Information"). All Confidential Information, regardless of its nature and whether it was delivered, communicated, or disclosed by the Disclosing Party, or learned as a consequence of the Parties fulfilling their obligations under this Agreement, is the property of the Disclosing Party. The Receiving Party may not use the Confidential Information for its own benefit or the benefit of third parties, regardless of whether it causes damage to the Disclosing Party.

  1. 8.1.1. Confidential Information shall not include any information that (i) is or becomes public knowledge without breach of this Agreement, (ii) was previously known or possessed by the Receiving Party, without confidentiality restrictions, prior to receipt from Disclosing Party (iii) is received from a third party with no confidentiality restrictions or (iv) was independently developed without use of the Confidential Information.

8.2. The Receiving Party agrees not to disclose, distribute, or reproduce Confidential Information, except as needed for the execution of the Agreement

  1. 8.2.1. Any disclosure to third parties shall have a prior written consent from the Disclosing Party
  2. 8.2.2. In the event a judicial or administrative authority requires the disclosure of Confidential Information, the Receiving Party must promptly notify the Disclosing Party in writing, if legally allowed, prior to any disclosure, so the Disclosing Party can assess and, if appropriate, challenge the request. 

8.3. Return or Destruction of Information. Upon termination of this Agreement, regardless of the cause, the Receiving Party must return or destroy all  Confidential Information, as per the Disclosing Party decision. The Receiving Party must certify, through its legal representative, that all Confidential Information has been returned or destroyed in accordance with the Disclosing Party’s instructions. 

8.4. All obligations under this clause shall remain in effect for five (5) years after the termination of this Agreement.

9. Intellectual Property Rights And Software Use   

9.1. Ownership and Rights. Simetrik shall remain the exclusive owner of all Intellectual Property related to the Software. The Customer shall not acquire any right, title, or interest in Simetrik's Intellectual Property. Simetrik retains sole ownership of the Software and all its future improvements, enhancements or modifications. This Agreement does not in any way constitute a transfer of ownership of the Software to the Customer.

9.2. Limited License. Simetrik grants the Customer a non-exclusive, non-transferable, revocable license to use the Software solely for the purposes outlined in this Agreement and for its duration. The Customer is permitted to use the Software only for the specific purposes authorized in this Agreement

  1. 9.2.1. This license does not allow nor authorise the Customer to reproduce, publicly distribute, transfer, sell, rent, or lease the Software.
  2. 9.2.2. The Customer hereby agrees not to transfer or sublicense any part of its rights to use the Software in any manner.
  3. 9.2.3. The Customer and its Users shall not acquire any rights or licenses under this Agreement to use the Software or Services beyond the scope and duration explicitly defined herein or in any of its extensions.

9.3. Restrictions on Use and Access. The Customer shall not:

  1. Copy, modify, adapt, translate, or create derivative works based on the Software.
  2. Distribute, sell, sublicense, or lease the Software.
  3. Decompile, disassemble, or reverse engineer the Software.
  4. Use the Software to develop competing products or services.
  5. Use the Software for illegal or immoral activities.
  6. Use the Software to infringe upon third-party rights.
  7. Use the Software in any way that could harm third parties.

9.4. The Customer shall also not:

  1. Access the Software without authorization.
  2. Allow unauthorized persons to access the Software.
  3. Share access credentials with third parties.

9.5. Duration and Termination. This clause shall remain in effect for the term of this Agreement and shall continue to apply after the Agreement's termination. Upon termination, the Customer shall immediately cease all use of the Software.

10. Data Privacy

10.1. Data Controller Role. The Customer acknowledges and agrees that, for the purposes of this Agreement, it will act as the Data Controller with respect to all personal data that it enters into the Software. The Customer is the only responsible for determining which personal data, if any, will be input into the Software, how such data should be processed, and the purposes for which the data is used. 

10.2. Data Processor Role. Simetrik will act as the Data Processor, processing personal data on behalf of the Customer in accordance with the Customer's instructions as specified in this Agreement. The processing of personal data refers to the following operations carried out by Simetrik through automated means: collection, recording, organization, structuring, storage, retrieval, transmission, deletion, or destruction.

10.3. Customer's Responsibility for Data Input and Control. The Customer is solely responsible for the type and category of personal data entered into the Software. Simetrik has no control over the content of the data provided by the Customer, and the Customer declares that it has the necessary legal basis to input such data into the Software.

10.4. Data Ownership and Relationship with Data Subjects. The Customer retains ownership of all personal data processed through the Software and holds the relationship with the data subjects whose data is input into the system. The Customer is responsible for ensuring compliance with applicable data protection laws, including obtaining any necessary consents and authorizations from data subjects before inputting personal data into the Software.

10.5. Simetrik's Processing of Data. As the Data Processor, Simetrik will process personal data only in accordance with the Customer's instructions and for the sole purpose of providing the services under this Agreement. Simetrik shall have in place appropriate technical and organizational measures to protect personal data, and shall not use the data for any other purpose, including selling, transferring, or disclosing personal data to third parties, except as necessary to fulfill its obligations under this Agreement.

10.6. Data Security and Compliance. Simetrik agrees to comply with all applicable data protection laws, regulations, and industry standards while processing personal data on behalf of the Customer. Both Parties agree to cooperate fully to ensure the security, confidentiality, and integrity of personal data and to promptly notify the other Party in case of any data breach or security incident affecting personal data.

10.6.1. Due to the cloud-based nature of the services, Simetrik will share personal data with subcontractors for cloud storage. In such cases, these subcontractors will be required to ensure, at a minimum, the protections and safeguards specified in this Agreement.

10.7. Termination and Data Return or Deletion. Upon termination of this Agreement, Simetrik shall, at the Customer’s choice, return or securely delete all personal data processed on behalf of the Customer, in accordance with applicable data protection laws, unless otherwise required by law to retain the data.

10.8. Simetrik's Personal Data Treatment Policy, available at: https://www.simetrik.com/legal/data-privacy-treatment-policy; and Simetrik’s Privacy Notice, available at https://www.simetrik.com/legal/privacy-notice are an integral part of this Agreement. Simetrik may update these links at any time and will notify the Customer in such cases.

11. Warranties And Disclaimers   

11.1. Mutual Warranties. Each Party represents and warrants that (i) it has the legal power and authority to enter into this Agreement and (ii) the performance by such Party of its obligations and duties hereunder will not violate any other agreement such Party is bound to.

11.2. Additional Provider Warranties

  1. 11.2.1. The Cloud Services will perform materially as described in the documentation and Simetrik will not materially decrease the overall functionality of the Cloud Services during the Term of the Agreement
  2. 11.2.2. Simetrik warrants that any Professional Services will be provided in a professional and workmanlike manner.

11.3. Future Features and Functionalities. The development, release, and timing of any future features or functionality for the Software are at the sole discretion of Simetrik. Accordingly, Customer acknowledges that it is purchasing Cloud Services based solely on the features and functionality available at the time this Agreement is executed, and not in expectation of any future features. Customer further acknowledges that Simetrik may release additional functionalities in the future that may not be available to Customer, or that may, at Simetrik's sole discretion, require additional payment.

11.4. Customer and User Responsibility. The Simetrik shall not be liable for the proper functioning of the Services, as described in this Agreement and its amendments or addendums, in the event of failures caused by the Customer or Users that impact the accuracy, integrity, or availability of the results generated by the Services.

11.5. Disclaimer of Warranty. EXCEPT FOR THE EXPRESS WARRANTIES SET FORTH IN THIS AGREEMENT, TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE CLOUD SERVICES, PROFESSIONAL SERVICES, AND DOCUMENTATION ARE PROVIDED "AS IS," WITHOUT ANY OTHER WARRANTY OF ANY KIND. SIMETRIK MAKES NO EXPRESS, IMPLIED, STATUTORY, OR OTHER WARRANTIES WITH RESPECT TO THE CLOUD SERVICES OR PROFESSIONAL SERVICES. SIMETRIK SPECIFICALLY DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND THOSE ARISING FROM A COURSE OF DEALING OR USAGE IN TRADE. FURTHER, SIMETRIK DOES NOT WARRANT THAT THE SERVICE WILL BE ERROR-FREE OR THAT USE OF THE SERVICES WILL BE UNINTERRUPTED. THE SERVICES ARE NOT DESIGNED, INTENDED, OR WARRANTED FOR USE IN HAZARDOUS ENVIRONMENTS REQUIRING FAIL-SAFE CONTROLS.

11.6. AI Warranties Disclaimer. Simetrik may offer generative artificial intelligence features ("AI Features") to Customer as part of the Cloud Services. However, SIMETRIK DISCLAIMS ALL WARRANTIES AND REPRESENTATIONS REGARDING THE AI FEATURES, INCLUDING THEIR FUNCTIONALITIES, OUTPUTS, AND THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE AI FEATURES AND/OR THEIR OUTPUTS. THE USE OF THE AI FEATURES AND/OR ANY OUTPUTS GENERATED BY THE AI FEATURES IS AT CUSTOMER’S OWN RISK. THE AI FEATURES ARE PROVIDED "AS IS," "WITH ALL FAULTS," AND "AS AVAILABLE," WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AND SIMETRIK EXPRESSLY DISCLAIMS ALL SUCH WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, QUALITY, COMPLETENESS, NON-INFRINGEMENT, RELIABILITY, AVAILABILITY, AND PERFORMANCE.

  1. 11.6.1. The AI Features and/or any outputs generated by the AI Features are intended only to provide recommendations or suggestions and should not be considered final decisions or relied upon as such. SIMETRIK DOES NOT WARRANT OR REPRESENT THAT THE AI FEATURES OR ANY OUTPUTS WILL BE UNINTERRUPTED, ERROR-FREE, NON-OFFENSIVE, NON-INFRINGING, NON-HARMFUL, ACCURATE, LAWFUL, OR APPROPRIATE.
  2. 11.6.2. Users are responsible for critically evaluating the responses provided by the AI Features and for verifying the information where necessary. THE AI FEATURES SHOULD NOT BE USED AS A SUBSTITUTE FOR PROFESSIONAL ADVICE, NOR SHOULD THEY BE CONSIDERED A DEFINITIVE SOURCE OF INFORMATION IN CRITICAL SITUATIONS OR IN CASES THAT REQUIRE ABSOLUTE ACCURACY.

11.7. Disclaimer regarding governmental authorizations.Simetrik shall not be responsible in any way for obtaining, managing, or for any delay, modification, or rejection of the authorizations, permits, licenses, or other procedures required by any applicable governmental or administrative entity or authority, whether local, state, or federal, for the execution of the purpose of this Agreement. Customer acknowledges that obtaining such authorizations is the exclusive responsibility of Customer and/or its affiliates, as applicable. Customer shall bear any consequences arising from their failure or delay in obtaining them, including the eventual inability of Customer to use the Services, in which case the Order Form fees shall still be due once Customer gains access to the Services.

12. Compliance

12.1. Declaration and Authorization for Compliance with the Money Laundering and Terrorism Financing Prevention Program, Anti-Corruption and Anti-Bribery Regulations. The Parties hereby declare:

  1. That they have not participated, are not participating, and will not participate in any activity that violates national and international regulations on anti-corruption and anti-bribery, or actions that violate the U.S. Foreign Corrupt Practices Act ("FCPA") and the UK Bribery Act ("UKBA"), or any other applicable law or regulation in the territory where the Parties conduct their business;
  2. That they comply with the current regulations in the territory where they carry out their activities regarding the prevention of money laundering, bribery, or other corrupt practices or behaviors;
  3. That both the resources used to fulfill this Agreement, as well as their other income, come from lawful activities, and they will maintain true, accurate, and complete books and records regarding all payments made and/or benefiting third parties related to the object of this Agreement;
  4. That they are not located, nor are they residents or organized in any country or territory that is subject to comprehensive sanctions administered by any Sanctions Authority (currently, Cuba, Iran, North Korea, Syria, and Ukraine -the Crimea, Donetsk (DNR) and Luhansk (LNR) regions-)
  5. That they have not participated nor will they participate in any activity that violates or could cause a violation of the export control laws and regulations of the United States, the European Union, European Union member states, and the United Kingdom, and that they have obtained, and will obtain, the required licenses and made, or will make, the necessary submissions to the relevant government agencies that administer the applicable export controls.

12.2. The Parties further declare that neither their partners, managers, nor direct or indirect personnel, assigned to the execution of this Agreement:

  1. Are listed with negative records in the control and restrictive lists issued by the United Nations Security Council, the Office of Foreign Assets Control (OFAC), and other national or international money laundering and terrorism financing control lists;
  2. Are not mentioned in widely circulated media nor registered in lists issued by judicial and regulatory bodies as being linked to or investigated for activities related to money laundering, terrorism financing, or predicate offenses, financing the proliferation of weapons of mass destruction, corruption, and/or transnational bribery.

12.3. Each of the Parties hereby authorizes the other Party to make the necessary inquiries in the control lists, whether national or foreign, for these purposes.

12.4. The Parties declare that they have read and understood the regulations related to the prevention of Corruption and Transnational Bribery and Simetrik’s Code of Ethics, and that they are familiar with and comply with the national and international regulations for the fight against corruption and transnational bribery.

12.5. The occurrence of any of the aforementioned situations or the failure to comply with the previously declared obligations will authorize the compliant Party to terminate this Agreement and/or, at its discretion, suspend the performance of its obligations under this Agreement, without the need for any judicial or private request, and no compensation will be due. This is without prejudice to any other legal actions and rights the compliant Party has to claim the liability of the defaulting Party, in accordance with this Agreement.

13. Term and Termination   

13.1. Effective Date. The Agreement becomes effective on the start date agreed upon and for the term set out in the Order Form (“Term”). Unless otherwise mentioned in the Order Form, the Agreement shall automatically renew for additional periods equal to the initial Term, unless either Party notifies the other of non-renewal at least 30 days prior to the end of the current Term.

13.2. The Agreement may be terminated by the Parties in the following manner:

  1. Upon expiration of the Term.  
  2. By mutual agreement between the Parties.  

13.3. Either Party may terminate this Agreement if the other Party (a) fails to cure a material breach of this Agreement within fifteen (15) days after a written notice specifying the breach and demanding it to be cured, (b) seeks protection under a bankruptcy, receivership, trust deed, creditors’ arrangement, composition or comparable proceeding, or if such a proceeding is instituted against that party and not dismissed within thirty (30) days, or (c) pursuant to clause 12.5.

13.3. This Agreement may be terminated by the Customer, subject to the payment of all amounts payable for the Term.

13.4. Effects of Termination.

  1. Customer’s right to use the Services will cease upon any termination or expiration of this Agreement, subject to this Section 13.
  2. The following Sections will survive expiration or termination of this Agreement: 2 (Definitions), 3 (Services and Services Usage), 4 (Applicable Fees and Payment Terms) (for amounts then due), 8 (Confidentiality), 9 (Intellectual Property Rights and Software Use),  13.4 (Effect of Termination), 15 (Limitations of Liability), 16 (Indemnification), 17 (Miscellaneous). 

13.5. The termination or expiry of this Agreement does not affect any right or remedy that has accrued prior such termination or expiry, including the Customer’s payment obligations regarding Services provided by Simetrik.

14. Governing Law and Dispute Resolution

14.1. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict of laws principles.

14.2. Alternative Dispute Resolution: In the event of any disputes related to the execution, interpretation, performance, termination, or liquidation of this Agreement, the Parties agree to first attempt to resolve the matter directly through alternative dispute resolution mechanisms available under applicable law, including direct settlement. The Parties will have thirty (30) business days from the date either Party sends written notice to the other to initiate such a settlement process. All communications regarding such settlement attempts must be sent electronically or in any other written form to the addresses specified in this Agreement.

14.3. Binding Arbitration: If the dispute is not resolved through direct settlement as described above, any unresolved dispute, claim, or controversy arising from or related to this Agreement, including its performance, breach, or interpretation, as well as the validity or applicability of this arbitration clause, shall be resolved exclusively through binding arbitration in San Francisco, California. The arbitration shall be conducted in accordance with the laws of the State of California.

14.4. Arbitration Procedure: The arbitration shall be conducted by the American Arbitration Association (AAA) under its Commercial Arbitration Rules, as amended from time to time. The Party initiating the arbitration shall provide written notice to the other Party, and arbitration proceedings will commence within sixty (60) calendar days of such notice. The arbitration will be conducted before a single arbitrator with significant experience in the subject matter of the dispute. If the Parties cannot agree on the selection of an arbitrator, the AAA will appoint one. The arbitrator shall have broad discretion to grant or deny relief, and the arbitrator’s decision shall be final, binding, and enforceable in any court of competent jurisdiction.

14.5. Limitation on Claims: The Parties agree that any claim brought under this Agreement must be initiated within one (1) year from the date the cause of action arises. Failure to do so will result in the permanent waiver of such claims.

14.6. Arbitration Opt-Outs: Notwithstanding the foregoing, Simetrik reserves the right to seek temporary, preliminary, or permanent injunctive relief from a court to protect its intellectual property, trade secrets, or confidential information without first resorting to arbitration. Such relief may be sought in the courts located in San Francisco, California, and the Customer agrees to the jurisdiction and venue of such courts.

14.7. Fees and Costs: Each Party shall bear its own costs of arbitration, including attorneys' fees and related expenses.

15. Limitation of Liability

15.1. Exclusion of Indirect Damages. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF BUSINESS, LOSS OF DATA, OR LOSS OF GOODWILL, ARISING FROM OR RELATED TO THIS AGREEMENT, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR ANY OTHER LEGAL THEORY, EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES IN ADVANCE.

15.2. Liability Cap. THE TOTAL LIABILITY OF THE PARTIES (INCLUDING ITS AFFILIATES, OFFICERS, EMPLOYEES, AGENTS, AND SUBCONTRACTORS) ARISING OUT OF OR RELATED TO THIS AGREEMENT, WHETHER IN CONTRACT, TORT, OR OTHERWISE, SHALL NOT EXCEED AN AMOUNT EQUAL TO THE TOTAL FEES PAID BY THE CUSTOMER TO SIMETRIK UNDER THIS AGREEMENT IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM. 

15.3. Basis of the Bargain. THE PARTIES ACKNOWLEDGE THAT EACH PROVISION OF THIS AGREEMENT THAT PROVIDES FOR A LIMITATION OF LIABILITY, DISCLAIMER OF WARRANTIES, OR EXCLUSION OF DAMAGES IS TO ALLOCATE THE RISKS OF THIS AGREEMENT BETWEEN THE PARTIES. THIS ALLOCATION IS REFLECTED IN THE PRICING OFFERED BY SIMETRIK TO CUSTOMER AND IS AN ESSENTIAL ELEMENT OF THE BASIS OF THE BARGAIN BETWEEN THE PARTIES, AND THAT SIMETRIK WOULD NOT ENTER INTO THIS AGREEMENT WITHOUT THESE LIMITATIONS ON ITS LIABILITY.

15.4. Exclusions from Limitations. The limitations set forth in this section shall not apply to: (i) Indemnification obligations set out in clause 16; (ii) Damages resulting from gross negligence, willful misconduct, or fraud.

16. Indemnities

16.1. Simetrik's Indemnity: Simetrik shall indemnify, defend, and hold harmless the Customer, its officers, directors, employees, agents, affiliates, and subcontractors from and against any and all claims, damages, losses, liabilities, fines, penalties, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with any claim brought against the Customer by a third party alleging that the Services provided under this Agreement infringe any third-party intellectual property rights, except to the extent that such claim arises from:

  1. Breach of Customer’s Obligations: Any breach by Customer of its obligations under this Agreement.
  2. Continued Use After Notification: Customer’s continued use of the allegedly infringing portion of the Services after:
    1. being notified thereof by Simetrik, or
    2. being provided, at no additional charge, modifications to the Services that would have avoided the alleged infringement without materially reducing the overall functionality of the Services.
  3. Use with Non-Supplier Products: Customer’s use of the Services in combination with other products, services, data, or processes not provided by the Simetrik, where the alleged infringement would not have occurred in the absence of such use.
  4. Customer-Provided Designs/Requirements: Any designs, requirements, or specifications required by or provided by Customer.
  5. Use in Breach of Agreement: Customer’s use of the Services in breach of this Agreement, in violation of applicable law, or outside the scope of the Agreement.
  6. Failure to Follow Documentation: Customer’s failure to use the Services in accordance with the documentation provided by Simetrik.
  7. Non-Supplier Modifications: Any modification of the Services not made by Simetrik, where the alleged infringement would not have occurred in the absence of such modification.
  8. Use Without Fees: The Customer’s use of the Services where there have been no charges or fees paid for such use, including but not limited to where the Customer is using Beta Services.

16.2. Customer's Indemnity: Customer shall indemnify, defend, and hold harmless Simetrik, its officers, directors, employees, agents, affiliates, and subcontractors from and against any and all claims, damages, losses, liabilities, fines, penalties, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with any of the following:

  1. Violation of Intellectual Property rights: Any breach of the Intellectual Property Rights and Ownership clause of this Agreement by the Customer, including but not limited to any unauthorized use or distribution of the Software, documentation, or other proprietary materials.
  2. Unauthorized Use of the Software: Any unauthorized use of the Software, including but not limited to use in violation of the terms of this Agreement, which results in harm to Simetrik or any third party.
  3. Infringement of Third-Party Rights: Any infringement or alleged infringement of third-party rights (including intellectual property rights, privacy rights, or contractual rights) arising from the Customer's use of the Software, services, or data, including any claim that the Customer's use of the Software infringes upon or violates any third-party rights (excluding any claim for which Simetrik is responsible under Sections 16.1.).

16.3. This indemnification obligation shall survive the termination or expiration of this Agreement.

16.4. Indemnification Procedure. Each Party’s obligations under Section 16 shall be valid only if the Party requesting indemnification:

  1. gives notice to the indemnifying party of any claim promptly upon becoming aware of the same;
  2. gives the indemnifying Party the sole control of the defense and settlement of any claim and does not at any time admit liability or otherwise settle or compromise or attempt to settle or compromise the said claim or action except upon the express instructions of the indemnifying party; and
  3. provides to the indemnifying party such assistance as it shall reasonably require in respect of the conduct of the said defense.

17. Miscellaneous  

17.1. Modification. Any changes to this Agreement must be made in writing by means of an amendment, a new Order Form or a new Statement of Work and/or any other document signed by the Parties.

17.2. Entire Agreement. This Agreement and the Order Form and Statement of Work, if applicable, constitute the complete agreement between the Parties with respect to its purpose, replacing any other oral or written understandings between the Parties. In case of any contradiction or ambiguity between this Agreement and any Order Form or Statement of Work, the terms set forth in the Order Form and Statement of Work shall prevail.

17.3. Assignment. Neither Party may assign this Agreement without the consent of the other Party. The assignment shall not relieve the assigning Party of its obligations under the assigned Agreement and such assignment shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.

17.4. Headings. Headings to paragraphs or sections in this Agreement are for the purpose of information and identification only and shall not be construed as forming part of this Agreement.

17.5. Non-waiver. Any failure of either Party to enforce performance by the other Party of any of the provisions of this Agreement, or to exercise any rights or remedies under this Agreement, will not be construed as a waiver of such Party's right to assert or rely upon such provision, right or remedy in that or any other instance. Neither Party waives any rights or limits its remedies for actions taken outside the scope of this Agreement.  

17.6. Severability. If any provision of this Agreement is held invalid or unenforceable under applicable law by a court of competent jurisdiction, it shall be replaced with the valid provision that most closely reflects the intent of the Parties, and the remaining provisions of the Agreement shall remain in full force and effect.

17.7. Publicity. The Customer authorizes Simetrik to use its trade name, brand, and/or distinctive marks, as instructed by the Customer, for digital or analog media to inform third parties that Simetrik is providing the Services to Customer.

17.8. Force Majure and Acts of God. Except for payment obligations, neither of the Parties shall be responsible or liable for a breach of the obligations assumed in this Agreement, when the obligations derived from this Agreement cannot be totally or partially fulfilled due to any circumstances beyond the Party’s reasonable control, including, but not limited to, an act of God, act of government, flood, fire, earthquake, civil unrest, act of terror, strike or other labor problem (other than one involving the Parties’ employees), Internet service provider failure or delay, Non-Simetrik application failure, or acts undertaken by third parties, including without limitation, any denial of service attack or third party domain name system event. 

17.9. Independent Contractors. The Parties agree that each is an independent contractor and neither Party has the right or authority to assume or create any obligation or responsibility on behalf of the other Party.

17.10. Subcontractors. Simetrik may partially subcontract the performance of the Professional Services. In such an event, Simetrik shall remain responsible for the services performed by the subcontractor and no contractual relationship shall be created between the subcontractor and the Customer.

17.11. Notices. Any communication or notice to be sent by one Party to the other during the term of this Agreement shall be delivered to the following addresses:

  1. To Simetrik:
    • Simetrik Inc.:
      Address: 261 Market Street #4030 San Francisco, CA 94114 US                                                  
    • Simetrik SAS: 
      Address: Calle 91 No. 11 – 29 Piso 6   
    • Simetrik Brasil LTDA:
      Address: Rua Conselheiro Brotero, nº 528, Suíte 1408, Tower Office Urban, Mario de Andrade nº 48, Barra Funda
    • Simetrik Blocksuite, S. R.L de C.V.:
      Address: Lago Alberto 442, Piso 4, Torre A, Parques Plaza, Miguel Hidalgo, 11320, Ciudad de México All electronic communications shall be sent to contracts@simetrik.com.
  2. To Customer: To the address and email provided by the Customer in the executed Order Form.

18. Additional Terms

18.1. Country Specific Terms.  The Parties agree to the following modifications to the Agreement that apply to your country of origin as described below:

  1. BRAZIL:
    Clause 14. Governing Law and Dispute Resolution shall have the following wording:
    14.1.
    This Agreement shall be governed by Brazilian law, and any action arising out of or relating to this Agreement, without reference to conflict of law rules. The Parties agree to bring any action related to this Agreement before the courts of the city of São Paulo, SP, and each Party consents to the exclusive jurisdiction and venue of the courts of the city of São Paulo, SP, for such purposes, waiving any other jurisdiction, no matter how privileged it may be.
  1. COLOMBIA:
    Clause 14. Governing Law and Dispute Resolution shall have the following wording:
    14.1.
    The Colombian Law governs this Agreement and any action arising out of or relating to this Agreement, without reference to conflict of law rules. The Parties will adjudicate any such action in the Courts of the city of Bogotá, and each party consents to the exclusive jurisdiction and venue of the Courts of the city of Bogotá for these purposes.
  1. MEXICO:
    Clause 14. Governing Law and Dispute Resolution shall have the following wording:
    14.1.
    The Mexican Law governs this Agreement and any action arising out of or relating to this Agreement, without reference to conflict of law rules. The Parties will adjudicate any such action in the Courts of the city of Ciudad de México, and each party consents to the exclusive jurisdiction and venue of the Courts of the city of Ciudad de México for these purposes.