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Lawyers very often use the term local counsel to describe an attorney who provides assistance on a matter within their jurisdiction, while the attorney primarily responsible for the matter, or lead counsel, practices in a different jurisdiction.
A legal opinion identifies legal risks and issues that the recipient should address as part of the transaction. For example, an opinion may identify certain documents that have not been validly executed and which are therefore unenforceable.
Opinion of Counsel means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee.
Also called an opinion letter. An opinion from lawyers issued in letter form expressing legal conclusions about and/or legal analysis of a transaction or matter which is relied on by the addressee of the opinion.
Opinion of Borrower's Counsel means an opinion rendered to the Lender by Borrower's counsel in a form acceptable to the Lender and its counsel.
How to Write an Opinion LetterState the facts: The facts are the answers to the client's questions.Analysis: For an easy analysis, first set out the provision of the law and the law itself.Answer the query: To answer the query, you will rely on the fact and analysis sections.More items...?
An opinion letter is a formal expression of a judgment or advice based on an expert's special knowledge. The term is commonly used to refer to a document containing a lawyer's understanding of the law that applies to a particular case. Opinion letters are usually drafted at a client's request.
In other words, opinion letters provide an authoritative basis for opinions, reports, and matters where other professionals are unable (professionally) to make judgments. An opinion letter may also be necessary to satisfy regulatory requirements.
An opinion letter, also called a legal opinion, is a letter issued by a legal counsel that facilitates a lender's due diligence process in a transaction.
An opinion letter, also called a legal opinion, is a letter issued by a legal counsel that facilitates a lender's due diligence process in a transaction.