Legal opinion is a generic term describing a written assessment provided by a qualified expert such as an attorney or judge. When penned by a judge, this type of document details the reasoning used to reach a decision. Lawyers and others with similar expertise usually issue legal opinions in response to questions regarding certain activities, circumstances or plans.
Attorneys often issue legal opinions in response to inquiries about business deals and financial matters due to their complexity and potential pitfalls. The legal opinions issued with regard to these topics generally:
Legal opinions issued in connection with business or financial matters can be quite specific, depending on the nature of the inquiry.