The study of linear functionals, as an important special case of linear transformations, is one of the key topics in linear algebra and plays a significant role in analysis. In this paper we generalize the crucial results from the classical theory and study main properties of linear functionals on hypervector spaces. In this way, we obtain the dual basis of a given basis for a finite-dimensional hypervector space. Moreover, we investigate the relation between linear functionals and subhyperspaces and conclude the dimension of the vector space of all linear functionals over a hypervector space, the dimension of sum of two subhyperspaces and the dimension of the annihilator of a subhyperspace, under special conditions. Also, we show that every superhyperspace is the kernel of a linear functional. Finally, we check out whether every basis for the vector space of all linear functionals over a hypervector space V is the dual of some basis for V.