Legal opinions are written documents that contain in-depth legal information about a customer’s company or a particular issue. The following information will help you understand this legal aspect.
Firstly, we stress that legal opinions are beneficial for a business owner and facilitate the reduction of chances of violating the law during the implementation of the transaction and launching of the project, as well as providing insight into upcoming stages.
Additionally, you can determine whether planned legally significant actions are appropriate and legal in the particular jurisdiction you are considering by getting an independent opinion of a Lawyer/Attorney.
WHAT IS THE PURPOSE OF ORDERING A LEGAL OPINION DOCUMENT?
In short, legal opinions help company owners to learn how to support their businesses legally and familiarize themselves with the legal implications of agreements. In addition, it provides an opportunity to learn about potential legal risks.
A LEGAL OPINION IS NEEDED IN WHAT CASES?
During your company’s future business activities, you can refer to legal opinions as a reference document.
A legal opinion may be required in the following cases:
- If you would like to know what licenses/permits are required to start a business, please click here
- A transfer of intellectual property rights is an intellectual property transaction
- Mergers/acquisitions involving international companies
- A cryptocurrency exchange is one of the first things to consider when launching a cryptocurrency project
Here is more information on when an opinion from a lawyer is needed.
WHAT LEGAL OPINION INVOLVES?
An overview of the situation
During the process of drafting a legal statement, you will be asked for information about your company. A knowledge of the law applicable to the legal relationship between the Customer and the Website can also be found in this section.
In this section, we discuss how we analysed the documents provided by you and the results of our study. Documents such as transaction documents, constituent documents, minutes of governing body meetings are usually included.
Section three of the Legal Opinion consists of answers to questions that may be of interest to the customer. Legal conclusions/legal analyses are contained in this section. Potential risks and recommendations are also included in this stage.
Your project can be accompanied in all legal steps by the team of experts at Company in Estonia OÜ. In addition to providing accounting services for Estonian companies, we can assist with the preparation of a legal opinion in Estonia.