{"id":1962,"date":"2017-08-15T14:38:39","date_gmt":"2017-08-15T14:38:39","guid":{"rendered":"https:\/\/juradolawfirm.com\/?p=1962"},"modified":"2022-02-15T05:59:59","modified_gmt":"2022-02-15T05:59:59","slug":"attorney-opinion-letter","status":"publish","type":"post","link":"https:\/\/juradolawfirm.com\/attorney-opinion-letter\/","title":{"rendered":"Attorney Opinion Letter"},"content":{"rendered":"\n

In sales of corporate stock or corporate assets<\/a>, purchasers frequently will request an opinion from the attorney for the seller. Sellers sometimes request an opinion from counsel for a corporate buyer, especially in sales involving a purchase money security interest or the issuance of shares to a buyer from a seller. Legal opinions are often requested in financing transactions as well.<\/p>\n\n\n\n

Generally, the party requiring the opinion letter wants the letter to speak to some or all of the following items:<\/p>\n\n\n\n

\u2013 The entity represented by the attorney rendering the opinion was properly formed, organized, or authorized to do business under state law<\/a> and is in good standing at the time of the transaction.<\/p>\n\n\n\n

\u2013 The proposed transaction is permissible under the bylaws and is appropriately authorized in the minutes of the entity.<\/p>\n\n\n\n

\u2013 The lawyer has examined the transactional documents and is of the opinion that they are legally sufficient to accomplish the purposes of the parties.<\/p>\n\n\n\n

\u2013 The transaction does not violate applicable laws or violate, to the attorney\u2019s knowledge, the agreements of the entity or any judgment applicable to the entity.<\/p>\n\n\n\n

\u2013 The assets conveyed will pass free and clear of encumbrances.<\/p>\n\n\n\n

\u2013 The contract of sale and purchase is legal, may be entered into legally by the represented party, and is enforceable by the other party.<\/p>\n\n\n\n

Letters of this type have several legal consequences. First, an opinion letter may estop the represented party from denying the legal efficacy of the transaction. Second, any false or misleading information contained in the letter may give the party receiving the letter the right to set aside the transaction. A purchaser who has actual knowledge of sufficient facts to put him or her on inquiry, however, probably is not relieved from that inquiry by an attorney\u2019s opinion.<\/p>\n\n\n\n

Excerpt from the Florida Small Business<\/a> Practice by the Florida Bar.<\/p>\n\n\n\n

If you need legal help, please give Attorney Romy B. Jurado, Esq.<\/a> a call today at (305) 921-0976<\/a> or send an email to\u00a0Romy@juradolawfirm.com<\/a>\u00a0to schedule an initial consultation.<\/p>\n","protected":false},"excerpt":{"rendered":"

In sales of corporate stock or corporate assets, purchasers frequently will request an opinion…<\/p>\n","protected":false},"author":1,"featured_media":12717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"Click here to learn about Attorney Opinion letter. For further legal guidance, call Jurado and Associates, P.A. today at (305) 921-0976.","_seopress_robots_index":"","_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[5,6,23],"tags":[43,44,45,46],"taxonomy_info":{"category":[{"value":5,"label":"Business Attorney"},{"value":6,"label":"Business Law"},{"value":23,"label":"LLP"}],"post_tag":[{"value":43,"label":"business attorney in Florida"},{"value":44,"label":"business expert in Florida"},{"value":45,"label":"business law in Florida"},{"value":46,"label":"business lawyer in Florida"}]},"featured_image_src_large":["https:\/\/juradolawfirm.com\/wp-content\/uploads\/2017\/08\/carta-de-opinion-del-abogado-1024x575.jpg",1024,575,true],"author_info":{"display_name":"Romy Jurado","author_link":"https:\/\/juradolawfirm.com\/author\/romy\/"},"comment_info":0,"category_info":[{"term_id":5,"name":"Business Attorney","slug":"business-attorney","term_group":0,"term_taxonomy_id":5,"taxonomy":"category","description":"","parent":0,"count":171,"filter":"raw","cat_ID":5,"category_count":171,"category_description":"","cat_name":"Business Attorney","category_nicename":"business-attorney","category_parent":0},{"term_id":6,"name":"Business Law","slug":"business-law","term_group":0,"term_taxonomy_id":6,"taxonomy":"category","description":"","parent":0,"count":271,"filter":"raw","cat_ID":6,"category_count":271,"category_description":"","cat_name":"Business Law","category_nicename":"business-law","category_parent":0},{"term_id":23,"name":"LLP","slug":"llp","term_group":0,"term_taxonomy_id":23,"taxonomy":"category","description":"","parent":0,"count":6,"filter":"raw","cat_ID":23,"category_count":6,"category_description":"","cat_name":"LLP","category_nicename":"llp","category_parent":0}],"tag_info":[{"term_id":43,"name":"business attorney in Florida","slug":"business-attorney-in-florida","term_group":0,"term_taxonomy_id":43,"taxonomy":"post_tag","description":"","parent":0,"count":248,"filter":"raw"},{"term_id":44,"name":"business expert in Florida","slug":"business-expert-in-florida","term_group":0,"term_taxonomy_id":44,"taxonomy":"post_tag","description":"","parent":0,"count":241,"filter":"raw"},{"term_id":45,"name":"business law in Florida","slug":"business-law-in-florida","term_group":0,"term_taxonomy_id":45,"taxonomy":"post_tag","description":"","parent":0,"count":247,"filter":"raw"},{"term_id":46,"name":"business lawyer in Florida","slug":"business-lawyer-in-florida","term_group":0,"term_taxonomy_id":46,"taxonomy":"post_tag","description":"","parent":0,"count":245,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/posts\/1962"}],"collection":[{"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/comments?post=1962"}],"version-history":[{"count":0,"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/posts\/1962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/media\/12717"}],"wp:attachment":[{"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/media?parent=1962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/categories?post=1962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juradolawfirm.com\/wp-json\/wp\/v2\/tags?post=1962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}