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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.
The judge will explain the ruling in a written document referred to as an ?opinion.? The opinion explains what the case is about, discusses the relevant legal principles, and then applies the law to the facts to reach a ruling in favor of one side and against the other.
Lawyers use these phrases to tell people who aren't lawyers that they won't be held professionally responsible for what they're about to say. In other words, these phrases work like disclaimers. The usual guarantees that lawyers' professional clients get about legal advice don't apply.
Legal information would tell you to read carefully, and you can find information about specific clauses or stipulations. On the other hand, legal advice would be much more detailed, and your attorney would tailor it to what the information in the contract says.
A legal opinion is not a substitute for legal advice, the main key difference being that a legal opinion is an attorney's analysis based on past or present facts, while legal advice is an attorney's counsel and guidance as to what future actions the client should take.
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.
In the United Kingdom and other common law countries, a legal opinion also refers to written legal advice on a point of law issued by either a barrister or advocate (often referred to as "counsel's opinion") or occasionally a senior government law officer, such as an attorney general.