Legal opinion in the broad sense refers to a written statement by a court, judicial officer, or legal expert as to the legality or illegality of an action, condition, or intent. Legal opinion is generally necessary to bring an issue to market. Explanation by a judge or group of judges of a decision rendered by the court is also termed legal opinion.
Purpose of Legal 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.