Legal Definitions - K

In legal circles, particularly among lawyers and law students, K is a widely recognized shorthand symbol for the term contract. It is used for brevity and convenience in discussions, notes, and internal documents where the meaning is clear within the legal context.

Here are some examples of how "K" might be used:

• Example 1: Legal Consultation

  During a meeting with a client, a lawyer might say to their paralegal, "Please pull all documents related to the client's employment K for review."

  Explanation: In this scenario, "employment K" is a quick way for the lawyer to refer to the client's employment contract, indicating they need to examine the formal agreement outlining the terms of their client's job.

• Example 2: Law School Lecture Notes

  A law student attending a lecture on contract law might jot down in their notes, "Breach of K often leads to damages."

  Explanation: Here, "Breach of K" is a concise way to write "breach of contract," summarizing the legal principle that failing to fulfill the terms of a contract can result in a legal remedy, such as financial compensation (damages).

• Example 3: Internal Legal Memo

  An attorney drafting an internal memo to a senior partner about a real estate transaction might write, "The buyer is requesting several amendments to the purchase K before closing."

  Explanation: In this context, "purchase K" refers to the purchase contract for the real estate. The attorney is indicating that the buyer wants to make changes to the formal agreement governing the sale of the property before the transaction is finalized.