Legal opinion, sometimes also called an opinion letter, is an opinion issued by a lawyer in the form of a letter expressing legal analysis and opinions or conclusion about an issue, matter or transaction. Such letters are needed as they are useful in various commercial contexts and serve as a reassurance of what the transaction documents will bind all parties involved into.
The main purposes of a legal opinion are generally to inform and identify the illegibility or legibility of a condition. It informs the addressee of the legal effect and consequences of a transaction or matter by gaining legal conclusions. It also identifies legal risks that the addressee should consider further and evaluate prior to entering into an agreement.
A legal opinion is therefore a valuable document in protecting the recipient as apart from informing and identifying legal risks, it also confirms whether a party is able to enter and perform obligations identified in the transaction documents. The condition that is often linked to the delivery of such letter is that it should be satisfied before any advance of money is made.
Our lawyers at Fairwinds Management can handle legal opinions or opinion letters by providing a professional understanding of various matters and contexts based on legal principles.