The Sample California Third-Party Legal Opinion For Business Transactions (“Sample Opinion”) was prepared by the Opinions Committee of the Business Law Section to illustrate what an opinion following the precepts of the opinion reports of the Business Law Section might look like. The Sample Opinion is intended as a sample, and should not be construed as a prescriptive model; there is no single form of legal opinion that can be viewed as the “sole” or “best” or “preferred” form. The Sample Opinion is based on a transaction involving an unsecured loan to a California corporation, guarantied by a California limited liability company, using documentation governed by California law. With the addition of appropriate assumptions and qualifications (and the deletion of others), the Sample Opinion can be used as a basis to prepare opinions in other contexts.
See the full document at Third-Party Legal Opinion for Business Transactions.