Provision Language
ARTICLE 2 – GRANT OF LICENSE
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2.5 Except as expressly set forth in this Agreement, neither party shall acquire under this Agreement any license or other right, title or interest, by implication, estoppel or otherwise, under any intellectual property owned or controlled by the other party or its affiliates. To the fullest extent permitted by applicable law, the doctrine of corporate opportunity, or any other analogous doctrine, shall not apply with respect to LICENSEE, and MICHIGAN (and any employees, student, representatives, or consultants to MICHIGAN) shall have no obligation to refrain from (i) engaging in similar activities or lines of business as LICENSEE or developing or marketing any products or services that compete, directly or indirectly, with those of LICENSEE; (ii) investing or owning any interest publicly or privately in, serving as a director or officer of or developing a business relationship with, any third party engaged in similar activities or lines of business as, or otherwise in competition with, LICENSEE; (iii) doing business with any client or customer of LICENSEE; or (iv) employing or otherwise engaging a former officer or employee of LICENSEE; and neither LICENSEE nor MICHIGAN shall have any right by virtue of this Agreement in or to, or to be offered any opportunity to participate or invest in, any venture engaged or to be engaged in by the other party or its affiliates.