Terms of Service — Novosteer Technologies Corp.

Last updated: April 2025

These Terms of Service ("Agreement") govern your access to and use of Novosteer Technologies Corp.'s website and services, including our SaaS platform NovoTrade-In AI and other related tools (“Services”). By accessing or using the Services, you agree to be bound by this Agreement. If you do not agree to these terms, you may not use the Services.

1. Overview of Services

Novosteer provides cloud-based SaaS tools designed to support automotive dealerships with live trade-in valuations, AI-powered pricing intelligence, and lead generation. Services may include both customer-facing tools and internal dashboards accessible via your dealership’s website and admin portal.

2. Eligibility

You must be at least 18 years of age and authorized to enter into contracts on behalf of your business to use Novosteer Services.

3. SaaS Access & License

Novosteer grants you a limited, non-transferable, non-exclusive license to access and use the Services for business purposes during your subscription term. This license is subject to compliance with this Agreement.

4. Data Ownership & Usage

You retain ownership of all customer, vehicle, and trade data you input or generate through the Services. By using Novosteer, you grant us a license to store, process, and analyze this data for the purpose of delivering and improving the Services. We do not sell your data to third parties.

5. Subscription, Billing & Termination

After any free trial, continued use of the Services requires a paid subscription (e.g., $699/month). Billing is monthly unless otherwise agreed. Subscriptions auto-renew unless cancelled prior to the next billing cycle. We may suspend or terminate your account for non-payment or violation of this Agreement.

6. Service Availability

While we strive for 99.9% uptime, Novosteer does not guarantee uninterrupted access to the Services. Scheduled maintenance or technical issues may result in temporary unavailability.

7. Beta Features

Some Services may be offered as beta features. These are provided “as is” with no guarantees and may be modified or removed at our discretion.

8. AI Disclaimer

Our Services utilize AI and machine learning to analyze market data and support valuation decisions. These tools are for informational purposes only and do not guarantee pricing accuracy or sales performance.

9. Indemnity

You agree to indemnify and hold harmless Novosteer, its directors, employees, and affiliates against any claims, liabilities, or expenses resulting from your use of the Services, your breach of this Agreement, or your violation of any laws or rights of third parties.

10. Limitation of Liability

Novosteer is not liable for indirect, incidental, or consequential damages arising from your use of the Services. Our liability in any circumstance is limited to the fees you have paid to us in the past 12 months.

11. Security

We take reasonable steps to protect your data but cannot guarantee absolute security. Use of the Services is at your own risk.

12. Termination

We may suspend or terminate access to the Services at any time if you breach this Agreement. You may terminate your account by written notice.

13. Governing Law

This Agreement is governed by the laws of the Province of Manitoba and the applicable laws of Canada. Any disputes will be subject to the exclusive jurisdiction of the courts in Winnipeg, Manitoba.

14. Changes to These Terms

We may update this Agreement from time to time. We will notify users through the dashboard or by email. Continued use of the Services after changes indicates your acceptance of the updated terms.

15. Confidentiality

You agree to treat all non-public information received through the Services — including pricing, feature sets, market data, and proprietary dashboards — as confidential and not to disclose it to any third party without our prior written consent.

16. Use Restrictions

You agree not to copy, decompile, disassemble, reverse engineer, or attempt to derive the source code or underlying logic of the Services, nor to use them to build or assist in building a competing product or service. You also agree not to grant access to the Services to any competitor of Novosteer.

17. Proprietary Rights

All intellectual property related to the Services — including code, visual design, valuation logic, AI models, branding, and trade secrets — is the sole property of Novosteer Technologies Corp. Your use of the Services does not grant you ownership of any rights in our proprietary technology.

18. Audit Rights

Novosteer reserves the right to audit usage of its Services to ensure compliance with this Agreement. Any violation may result in immediate suspension or termination of access and may lead to legal action.

19. Publicity

Unless explicitly declined in writing, you grant Novosteer the right to include your dealership name and logo in client listings or marketing materials, including website testimonials and product presentations.

20. Contact

For questions about these Terms, contact us at support@novosteer.com.

By using Novosteer’s Services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.