This could be a simple yes/no answer, but I invite detailed explanations.
I have been asked to extend a closed source system at my job, which is not formally released under any license. I thought I'd learned once that meant all rights are reserved by default, but I can't find a source for that now, so please correct me if I'm wrong.
I have found a project on Github that's released under the MIT license. It contains a class that I'm interested in using to accomplish parts of the requested functionality.
If it makes a difference, the application I've been asked to work on is not currently for sale. It's simply used internally to facilitate operations, is highly customized, and has no market value. The only real reason it's closed source is because there are endpoints exposed to the internet that management are concerned might be exploited if a vulnerability can be discovered in the open source code.
The MIT license clearly states ...
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
... so I understand that the license needs to be included verbatim inside my project, but I am concerned that this in effect releases the whole project under the MIT license - which I do not have rights to do.
This answer recommends quarantining the Github project code, which I know can be cleanly accomplished as a git subtree. But I'm concerned that this situation is different because it involves two very similar open source licenses.
Is it ok to have a license in my super-project root that is something along these lines:
Copyright for portions of project Foo are held by [MIT original author, year] as part of project Bar and are provided under the MIT license. All other copyright for project Foo are held by [your name, year].
And is it necessary to be any more specific about referencing what exact "portions" of the project belong to the MIT license?
I fully understand that no answer/comment here will constitute legal advice, but I could use a good slap in the face if I'm just totally misunderstanding something. Also, this being my first question, if this doesn't belong here, which I assumed it would from these answers, then please let me know - and any kind indication of an appropriate place for this question will be sincerely appreciated.