K Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of K, written in plain English, along with examples of how it is used.

What is K?

A shorthand symbol for the word contract which is used worldwide by lawyers and law students.

History and Meaning of K

The term "K" is used as shorthand for the word "contract," which has been used widely amongst lawyers and law students. The use of shorthand symbols in the legal profession is quite common, and these symbols are used to save time and effort. The use of shorthand in contracts and other legal documents dates back to the early days of legal writing.

Examples of K

Here are some examples of how the term "K" might be used in different contexts:

  • The parties entered into a K on July 1st, 2021, to sell a parcel of land.
  • The K specified that the seller would provide a warranty for the goods.
  • The K was breached when the buyer failed to make payments as agreed.
  • The parties reached an agreement in principle, but the K has not yet been drafted.

Legal Terms Similar to K

Here are some terms related to "K" that might be of interest:

  • Contract: A legally binding agreement between two or more parties that creates an obligation to do or not to do something.
  • Agreement: A voluntary arrangement between two or more parties that creates a legally enforceable obligation.
  • Memorandum of Understanding (MOU): A document that outlines the understanding between two or more parties in a negotiation or partnership.
  • Offer: A proposal made by one party to another that indicates a willingness to enter into a contract on certain terms.
  • Acceptance: An expression of agreement to the terms of an offer that creates a legally binding agreement between the parties.