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ID:40525227
大小:51.50 KB
页数:6页
时间:2019-08-04
《3213362v17_LIBC__-_NVCA_Model_Legal_Opinion》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、ThissampledocumentistheproductofaWorkingGroupoflawyerswhospecializeinventurecapitalfinancings,actingundertheauspicesoftheNVCA.SeetheNVCAwebsiteforalistofWorkingGroupmembers.Thisdocumentisintendedtoserveasastartingpointonly,andshouldbetailoredtomeetthespecificrequirementsoftheStateinwhichyoupracti
2、ce,aswellastheopinionpracticesandproceduresofyourlawfirm.Thisdocumentshouldnotbeconstruedaslegaladvice,norshouldtheparticipationoflawyersintheWorkingGroupbeconstruedasanindicationoftheirwillingnesstogiveoradvisetheacceptanceofthisformofopinion.FORMOFLEGALOPINIONLastupdatedonNovember2,2009Belowisa
3、nexampleofthelegalopinionsthatmightbegiveninatypicalventure-backedpreferredstockfinancing.Asmostlawfirmshavetheirownformsandtheopinionsgivendependonthespecificcircumstances,thisismeantonlyasastartingpointforreferencepurposes.NOTE:ThefollowingassumesaDelawarecorporationheadquarteredinCalifornia.Ba
4、sedupontheforegoingandsubjecttotheadditionalqualificationssetforthbelow,weareoftheopinionthat:1.TheCompanyisvalidlyexistingasacorporationOpinionrecipientssometimesrequestanopinionthattheCompanyis“dulyincorporated.”Thisopinionrequirestheopinionpreparerstoconductamoreextensiveinquiryintothepastthan
5、anopinionthatthe“Companyisvalidlyexistingasacorporation”and,atleastintheventurefinancingcontext,oftenisnotcostjustified.SeeThird-Party“Closing”Opinions:AReportofTheTriBarOpinionCommittee,53Bus.Law591,651–652(1998).Ordinarily,anopinionthataCompanyhasbeen“dulyorganized”shouldbeavoidedbecauseofuncer
6、taintyastowhatadditionalmatters,ifany,itcovers.andingoodstandingunderDelawarelawandisqualifiedasaforeigncorporationandingoodstandingin[California].2.TheCompanyhasthecorporatepowertoexecuteanddelivertheTransactionDocumentsOpinionpreparersshouldtakecarethattheCompany’scertificateofincorporationisno
7、tincludedinthedefinitionof“TransactionDocuments.”Inclusionofthecertificateofincorporationwouldbebothillogical(e.g.,inthecaseofthedueexecutionanddeliveryopinion)andtroublesome(e.g.,inthecaseoftheenforceabilityopinion).i
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