Opinion Letters

Experienced opinion counsel can save time and money

We have participated in hundreds of transactions as opinion counsel for our clients, from defeasances and acquisitions, to mezzanine and other bridge loans. Various finance transactions require attorney opinion letters. These opinions may cover specific provisions in agreements, speak to the organizational standing of a relevant entity, or speak to an aspect of the law that relates to the transaction.

For example, an opinion letter may be drafted to confirm that an entity is properly formed and recognized under state law. Or it might also provide legal opinion on the enforceability of certain provisions in an agreement in a given jurisdiction or the applicability of a specific statute. A letter of opinion can also be used to confirm that the parties involved have the required legal authority to enter into a contract or transaction.

Opinions we regularly issue include:

• Organization & Authorization for New Jersey and New York entities, and Delaware LLCs
• New York enforceability
• Non-consolidation

A sloppy opinion draft can delay a deal, increase your costs, and exacerbate due diligence timing. We work with all parties, including counsel for counterparties and local counsel for our clients, to identify the required opinion terms, the necessary documents, and delivering the finished product on schedule. Having counsel that appreciates the complexities of a given transactions, issues comprehensive opinions, and delivers on time can be critical to success in achieving closing.