What is a no conflict opinion?
A “No Breach or Default Opinion” (sometimes referred to as a “No Conflict Opinion”) is an Opin- ion that execution and delivery of the Transaction Documents by the Company do not, and perfor- mance by the Company of its agreements in the Transaction Documents will not, (A) breach or result in a default under an Other …
What is no conflict agreement?
The No Conflicts representation states that the party is not under any restriction or obligation that may affect the performance of its obligations. The language is typically consistent across a range of transaction types.
What does a legal opinion contain?
Legal opinions involve conclusions of law as applied to facts that are either known to or assumed by the law firm. (1) Legal opinions usually should not contain representations of fact by the law firm.
What is a legal enforceability opinion?
Enforceability Opinion means an executed original of a written legal opinion from counsel for Seller (such counsel to be reasonably acceptable to Buyer), concerning this Agreement and the Ancillary Documents (including enforceability and due authorization thereof) and related matters, in form and substance satisfactory …
What is the meaning of legal opinion?
1. judgment or belief not founded on certainty or proof. 2. the prevailing or popular feeling or view. public opinion.
What is the purpose of a legal opinion?
The purpose of a legal opinion in a transaction is to provide an additional layer of assurance to the party receiving the opinion. In loan transactions in the United States, it is customary for the borrower’s counsel to provide an opinion to the lender (but not vice versa).
How do you describe conflict?
Conflict is defined as a clash between individuals arising out of a difference in thought process, attitudes, understanding, interests, requirements and even sometimes perceptions. A conflict results in heated arguments, physical abuses and definitely loss of peace and harmony.
What is meant by legal opinion?
What is the difference between legal opinion and legal advice?
Often , legal advice and legal opinion are swapped and the terms are often confused. There is a border of difference between the terms : legal advice and legal opinion. A client can consult a lawyer as to what steps or measures should be taken in the coming times and the advice given by lawyer is called legal advice.
Is a legal opinion binding?
Are the Attorney General’s opinions binding? The Attorney General’s opinions are advisory, and not legally binding on courts, agencies, or individuals.
What legal opinion means?
In law, a legal opinion is in certain jurisdictions a written explanation by a judge or group of judges that accompanies an order or ruling in a case, laying out the rationale and legal principles for the ruling.
Are legal opinions binding?
The Attorney General’s opinions are advisory, and not legally binding on courts, agencies, or individuals.