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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.
A third party legal opinion, commonly referred to as an ?Opinion Letter?, is a letter issued by an attorney to advise a client of legal risks and resolve legal uncertainties. An Opinion Letter assures the recipient that their conduct is legal and confirms within the existence of legal relationships.
Opinion Letters are commonly issued in the context of large transactions and may be issued by either buyer or seller's counsel. Opinion Letters are typically issued in connection with commercial loans, real estate transactions, secured transactions, and mergers/acquisitions.
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.