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2 Model Closing Opinion Letter (Annotated) (For Opinion Letter of Borrower s Counsel Relating Primarily to Unsecured Bank Credit Agreement) Business Law Section of the Pennsylvania Bar Association
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What is model closing opinion letter?
The model closing opinion letter is a legal document that provides the opinion of legal counsel on the legal matters related to a transaction or closing.
Who is required to file model closing opinion letter?
The parties involved in a transaction, such as buyers, sellers, lenders or investors, may be required to file a model closing opinion letter.
How to fill out model closing opinion letter?
The model closing opinion letter should be filled out by legal counsel, providing their opinion on legal matters related to the transaction.
What is the purpose of model closing opinion letter?
The purpose of the model closing opinion letter is to provide assurance to the parties involved in a transaction that legal matters have been properly addressed and considered.
What information must be reported on model closing opinion letter?
The model closing opinion letter should include information such as the transaction details, legal opinions, and any limitations or assumptions made by legal counsel.
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