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A legal opinion is a formal letter from your company's corporate counsel to the investors containing counsel's conclusions about various legal matters relevant to the company and the transaction, based on counsel's review of a defined body of documents and information.
Structure of an Opinion Letter Salutation ? The greeting with the recipient's name (e.g. Dear Ms. Smith). Introduction ? A short one-paragraph statement of the purpose of the letter. Statement of Facts (only include when instructed) ? A short statement of the relevant facts.
Opinion ? Clearly state why you are writing. Reasons ? Back up your opinion with reasons and facts. Solution ? Offer a solution. Closing ? Use a strong statement to end your letter.
The opinion letter will detail the facts upon which the opinion is based. These can include a description of a business transaction, property details, or any other relevant information. The more specific and detailed the facts, the more precise the opinion can be.
A Formal Opinion Letter represents the Commission's official position on matter raised and reliance upon it may provide a defense to liability. A formal opinion letter is approved by a vote of the Commission and is signed by the Commission's Legal Counsel on behalf of and as approved by the Commission.