A legal opinion refers to an official written statement by a legal authority like the court, a lawyer or any legal expert about a particular case and whether any aspect of that case is legal or illegal in condition or intent. Since it is the legal opinion of a judicial officer or of the court, an individual or organization takes it very seriously and can incorporate it in the running of a project or company.
This also contains the reasons which lead to a judicial decision, usually written by the judge looking over that particular case. Sometimes a legal opinion can be sought by someone before the case has started; it is like a professional letter drafted by a lawyer or attorney to his client where they give their opinion on a case and advise them on what would be the right way to proceed. Most of these legal opinions are sought by companies seeking to start a new project or for certain business transactions.
[ Also Read: Business Contract ]
Sample Legal Opinion Agreement
A sample of the agreement can be downloaded from below.