In a sense this is just a rewriting of the previous answers, but it avoids using explicitly the Lyapunov formalism.
For part a), consider $V(t)=x(t)^2+y(t)^2$. Then
$$ V'(t)= 2x(t)x'(t)+ 2y(t)y'(t) = -2x(t)^2 -4y(t)^2 \leq -2x(t)^2 -2y(t)^2 = -2V(t)$$
In particular, by Gronwall's lemma, we have $V(t)\leq f(t)$ for all $t\geq 0$, where $f$ is the solution of
$$ f(0)=V(0), \quad f'(t)=-2f(t)$$
i.e.
$$ V(t)\leq V(0)e^{-2t} \quad \forall t\geq 0$$
In particular this implies that, for any initial data, the solutions exist for all $t\geq 0$ since the norm $\Vert x(t),y(t)\Vert$ stays bounded (there is no explosion time). Moreover, since $V(t)\geq 0$ and $V(0)e^{-2t}\to 0$ as $t\to\infty$, we also obtain that for any initial data
$$V(t)\to 0 \text{ as } t\to\infty$$
For part b), first of all observe that every term in your ODE is smooth, therefore local existence and uniqueness of the solutons is granted. Moreover, $(0,0)$ is a fixed point, therefore $x(t)=0$, $y(t)=0$ is a solution for the initial data $x(0)=0$, $y(0)=0$ (and by uniqueness it is the only solution).
Now assume that, for some $t$, you have $x(t)=y(t)=0$, i.e. the solution $(x(t),y(t))$ and the solution constantly $0$ "touch" at $t$, then by uniqueness you must have that the two solutions coincide on the domain in which they are both defined, thus $x(0)=y(0)=0$ as well. Therefore, if $(x(0),y(0))\neq(0,0)$, you must have $(x(t),y(t))\ne(0,0)$ for all $t$.