15 Jul 2025
Understanding Opinion Practice: Drafting and Delivering Legal Opinions
Lenders typically require an opinion from borrower’s counsel in connection with a financing transaction. Review this resource kit for an overview of the process of drafting and delivering legal opinions. This resource kit provides guidance materials on opinion practice, including detailed practice notes, templates, and checklists.
Related Content
- Scope and Elements of Opinion Letters
Review this discussion of opinion letters in the context of financing transactions.
- In-House Counsel Legal Opinion
Consider the provisions of this in-house counsel legal opinion template containing valuable guidance and drafting notes to assist you in understanding and negotiating important terms.
- Legal Opinion of Borrower’s Counsel Due Diligence Checklist
Refer to this checklist for diligence items an attorney will need to confirm as backup prior to issuing a legal opinion as counsel to borrowers and guarantors in connection with a credit agreement.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Market Standards—Finance
- Market Trends 2024/25: Anti-hoarding Provisions
- Advance and Discount Factoring Agreements
- Collection Factoring Agreements
- Maturity Factoring Agreements
- Signature and Execution Requirements Resource Kit (Finance)
- What’s New in Practical Guidance
Discover the newest Practical Guidance content and resources in this update. This guide is designed to help you find the tools and insights you need to work more efficiently and effectively.
- Trump Transition Coverage in Practical Guidance
- The Trump Transition Resource Kit is a consolidated listing of guidance related to new actions and orders, and the Presidential Executive Actions Tracker is a frequently updated listing and description of many of the recently implemented presidential orders and rescissions of previous administration orders.
- New! Practical Guidance Journal, 2025 Second Edition features guidance for regulating AI in the workplace in 2025, Intellectual Property issues related to deepfakes, the emergence of AI in mergers and acquisitions, and a checklist to help when evaluating AI technology risks.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Browse the Practical Guidance Author Center to see the 2600+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Artificial Intelligence (AI) Provisions in Credit Agreements Tracker identifies provisions included in select publicly filed credit agreements addressing artificial intelligence (AI) since 2022.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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