EX-5.1 2 opinion.htm OPINION COOLEY OPINION

Exhibit 5.1

October 31, 2000

 

Chordiant Software, Inc.

 

Ladies and Gentlemen:

You have requested our opinion with respect to certain matters in connection with the filing by Chordiant Software, Inc. (the "Company") of a Registration Statement on Form S-8 (the "Registration Statement") with the Securities and Exchange Commission covering the offering of up to 3,813,234 shares of the Company's Common Stock, $.001 par value, (the "Shares") pursuant to the White Spider Software, Inc. 2000 Stock Incentive Plan, the Company's 1999 Equity Incentive Plan, 1999 Non-Employee Directors' Stock Option Plan, and the 1999 Employee Stock Purchase Plan (the "Plans").

In connection with this opinion, we have examined the Registration Statement, the Plans, your Amended and Restated Certificate of Incorporation and Bylaws, as amended, and such other documents, records, certificates, memoranda and other instruments as we deem necessary as a basis for this opinion. We have assumed the genuineness and authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies thereof, and the due execution and delivery of all documents where due execution and delivery are a prerequisite to the effectiveness thereof.

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Plans and the Registration Statement, will be validly issued, fully paid, and nonassessable (except as to shares issued pursuant to certain deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).

We consent to the filing of this opinion as an exhibit to the Registration Statement.

Very truly yours,

Cooley Godward LLP

/s/ Eric C. Jensen

Eric C. Jensen