opinion letter


opinion letter
opinion letter see letter 1

Merriam-Webster’s Dictionary of Law. . 1996.

opinion letter
A legal opinion from lawyers on a discrete matter which will be relied on by another party. For example, an opinion letter in a foreign jurisdiction as to whether an agreement is valid and enforceable in that jurisdiction and complies with local law.
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International
Also called an legal opinion. 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. The main purposes of a legal opinion are:
• To inform the addressee of the legal effect of a transaction or matter.
• To identify legal risks that the addressee should consider further and evaluate.
For example, in a cross-border transaction, a legal opinion may be obtained from lawyers in a foreign jurisdiction opining on whether a transaction document is valid and enforceable in that jurisdiction and complies with local law.
A legal opinion is not a substitute for legal advice which, in a transactional context, is likely to be more extensive.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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