California Legal Opinion of Morgan, Lewis and Bockius
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Break down the facts and legal issues into categories and review the relationships between the facts and legal issues. Identify any inconsistencies or contradictions between the facts and legal issues. Make sure to record any research and analysis you've done in the form of notes, memos, or other documents.
With respect to law, ?opinion? primarily refers to a judicial opinion, which is a court's written statement explaining the court's decision for the case.
Morgan Lewis provides high-quality litigation, corporate, labor and employment, and intellectual property services to clients across industry sectors and regions around the world.
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.
The purpose of a legal opinion in a transaction is to provide an additional layer of assurance to the party receiving the opinion. In loan transactions in the United States, it is customary for the borrower's counsel to provide an opinion to the lender (but not vice versa).
Although there are a variety of opinion letters, the most common include the Remedies Opinion (or the Enforceability Opinion), the Non-Consolidation Opinion, and the Entity Status Opinion. 63 Each of these opinions plays an important role in legal opinion practice and is discussed below.
The Attorney General is authorized to give opinions on questions of law to state legislators, heads of state departments, district attorneys, county counsels, sheriffs, and to city attorneys in their prosecutorial capacities. The Attorney General is not permitted to give legal opinions to members of the public.
The purpose of providing the legal opinion is two-fold: to inform the addressee of the legal effect of a transaction or matter; and. to identify legal risks that the addressee should consider and further evaluate.