I'm not a lawyer, but that's not how it reads to me. What you describe sounds more like the
Microsoft Reciprocal License.
The Ms-PL has 2 grants: a copyright grant to reproduce the contribution and a patent grant to allow royalty-free use of any patents.
The conditions and limitations are:
(A) No Trademark License- This license does not grant you rights to use any contributors' name, logo, or trademarks.
So you can't use names, logos and trademarks associated with the product.
(B) If you bring a patent claim against any contributor over patents that you claim are infringed by the software, your patent license from such contributor to the software ends automatically.
If you bring a patent claim the patent license (Grant 2.B.) ends.
(C) If you distribute any portion of the software, you must retain all copyright, patent, trademark, and attribution notices that are present in the software.
If you are distributing binaries this doesn't really apply.
(D) If you distribute any portion of the software in source code form, you may do so only under this license by including a complete copy of this license with your distribution. If you distribute any portion of the software in compiled or object code
form, you may only do so under a license that complies with this license.
You are planning to ship binaries so you don't need to include the license with your product. Binaries need to comply with the license. The license limitations are 3A (use of trademarks), 3B (loss of patent license if a patent claim is brought),
and 3C (doesn't seem to apply for binaries -- maybe if the AssemblyCopyright property is set it might apply as 3C (but AssemblyCopyright is not set)).
(E) The software is licensed "as-is." You bear the risk of using it. The contributors give no express warranties, guarantees, or conditions. You may have additional consumer rights under your local laws which this license cannot change. To the extent
permitted under your local laws, the contributors exclude the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
Typical as-is clause.
Probably an internet posting from me is not what your legal team needs; so what do you need from us?
Enterprise Library support engineer