or law firm to a client, or often to a third party (addressee), in connection with a transaction or matter. It represents the lawyer’s professional judgment and reasoned conclusion on the application of law to a specific set of facts.” Forms and Purposes: 2. It is important to

understand the different forms of legal opinions so that you can determine which one applies in a given circumstance. The webinar addressed two primary forms: 3. A. Advisory Legal Opinion: This applies where a client needs an in-depth explanation of legal questions spanning

different areas of law. This type of legal opinion covers any matter where understanding the legal effect of an act and any potential risks arising from it is required. This is the typical legal opinion. 4. It is essential to understand the purpose of an advisory legal opinion,

as it is the most critical aspect of this section. The core purposes of this type of legal opinion are so crucial that you must keep them in mind when preparing one. Failure to address these purposes means the opinion will not meet its intended need. These purposes are:

5. a. “To provide a clear understanding of the legal effect, validity, and enforceability of a transaction, document, or matter under the specified governing law. This helps guide corporate decision-making.” b. “To identify specific legal risks, potential liabilities, or

weaknesses in a legal position that the client or addressee should consider, evaluate, and manage. This is especially crucial in complex commercial and financial transactions.” c. “In some transactions (e.g., loan agreements, acquisitions), a satisfactory legal opinion is often

a mandatory closing condition, providing crucial assurance to the recipient (e.g., a lender, purchaser, or investor) about the validity of the transaction.” 6. You should consciously address these purposes when preparing your legal opinion. Ensure that your analysis not only

covers the legal effects of an act but also identifies potential risks, suggests means to mitigate those risks, and provides assurance when necessary, supported by valid legal reasoning. To achieve this, conduct extensive research to deliver a holistic legal opinion, even if it

requires analyzing laws from other jurisdictions relevant to the matter. This applies to advisory legal opinions. 7. B. Closing Legal Opinion: This type of opinion is “provided to external parties, assuring the legality and enforceability in commercial deals and transactions.

It typically covers the corporate status of identified entities and the enforceability of relevant documents.” 8. This type of legal opinion primarily advises on the capacity of a contracting entity and the enforceability of transactional documents. It is similar to a due

diligence report, except that enforceability of transactional documents forms an integral part of it. 9. Research is an integral aspect of writing a legal opinion. In the next part, we will discuss the required research methodology for writing a well-reasoned legal opinion

and conclude with the drafting structure and relevant clauses in a legal opinion. Thank you all.

@amofin_agba Thank you sir🫂 Sir, if you don't mind, a sample of both types of legal opinion at the end of the class will be appreciated 🤲

@amofin_agba This is timely and very much appreciated. Thank you, sir!

@amofin_agba Thanks for sharing.

@amofin_agba This is great read! Thank you for sharing 🙏🎉

@amofin_agba Bookmarked!

@amofin_agba Thank you very much for this, sir.