Opinion of counsel

Opinion of counsel,

Definition of Opinion of counsel:

  1. Formal, written report by an attorney (or a firm of attorneys) to a client on a specific case or legal problem. It outlines the (1) attorneys understanding and analysis of the facts basic to the case or problem, (2) implication of applicable laws, and (3) a suggested course of action. In some instances (such as in purchase of a property or a firm) where the report certifies the sellers title or legal status, the attorney may be liable for damages if it turns out to be incorrect. Also called legal opinion.

Meaning of Opinion of counsel & Opinion of counsel Definition