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.

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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.

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