How to Secure Your Business with a Legal Opinion?

Legal opinion: what is it? What cases require the preparation of legal opinions? Does it need to include anything? The Answers are ready.

How to Secure Your Business with a Legal OpinionThe legal opinion contains an in-depth explanation of a specific issue or aspect of the customer’s business. During the implementation of the transaction or launch of the project, a Legal Opinion is prepared solely for the customer to minimize the risk of violating the Law and to fully comprehend the coming stages. If you are planning to take any legally significant action in a particular jurisdiction under consideration, you should seek an independent legal opinion from an attorney or lawyer on that issue.

PREPARATION OF LEGAL OPINIONS IN CERTAIN CASES

    • To determine which permits and licenses are needed to start a business
    • IP rights are transferred in intellectual property transactions
    • Mergers/acquisitions involving international companies
    • In foreign jurisdictions, venture capital can be tricky
    • In order to conduct crowdfunding campaigns
    • To assess the legal risks associated with financial transactions
    • Whenever securities are transacted across borders
    • If an investment transaction is concluded
    • Investment transactions abroad require Due Diligence
    • The launch of an initial coin offering or security token offering
    • A cryptocurrency exchange is one of the first things to consider when launching a cryptocurrency project
    • During the course of Forex Brokerage or Forex Dealership

It is guaranteed that you will receive a detailed analysis and an objective opinion of a qualified Lawyer/Attorney by ordering a Legal Opinion.

FEATURES OF PREPARATION OF LEGAL OPINION

Legal Opinion customers expect complete clarity from their legal opinions and count on the accuracy and reliability of their legal analyses and legal risks. An appropriate Legal Opinion should be clear in its wording, certain in its initial circumstances, and include unambiguously interpreted conclusions that reference the legislation of the country in which the project is being implemented.

Providing a Legal Opinion cannot replace legal support. Ordering the Legal Opinion will not lead to the parties receiving the algorithm for implementing the project or carrying out the transaction independently.

WHAT TO INCLUDE IN LEGAL OPINION

  1. Background Information

Legal Opinions normally include data pertaining to the transaction, project, or documents associated with the Legal Opinion. As well as a description of the applicable law, depending on a customer’s jurisdiction, this section also contains information about the legal relationships.

  1. A review of documents was conducted and inquiries were made

As part of the preparation of the Legal Opinion, this section highlights the process and results of the review of the submitted documents. The company’s governing body’s minutes and transaction documents are generally included.

A description of a document includes a statement regarding whether originals, projects, or copies of these documents have been examined. Additionally, when preparing a Legal Opinion, the Lawyer/Attorney submits a request to the Companies Registration Office, the Tax and Customs Department, and other regulatory authorities as necessary and records the results. Analysing the customer’s documents and summarizing the results of their study is done in this part of the Legal Opinion.

  1. Observations

In the third section, the customer of the Legal Opinion can find answers to questions he or she may have. Legal conclusions and legal analyses are presented in this section. An opinion is categorised depending on the number of reservations it carries. Transactions may require varying reservations. Lawyers/attorneys also present recommendations in this part.

You can define your legal rights clearly with a legal opinion and avoid costly future litigation. Obtaining a Legal Opinion is imperative in dealings with foreign counterparts, and if more than one jurisdiction is involved, it is necessary to hire foreign lawyers or attorneys to assist with the matter.

We are happy to assist you with the legal procedures associated with your project at Wisor Group OÜ. A Legal Opinion can also be prepared in Estonia by our company. Here is more information about legal opinions and how they are provided.