Consider global Lipschitz condition:
$\| f(x_1) - f(x_2) \| \leq k \|x_1 - x_2\|$
We can manipulate it to:
$\frac{\| f(x_1) - f(x_2) \|}{\|x_1 - x_2\|} \leq k $
But according to the definition of a norm, is it legal to then say the above is equivalent to: $\| \frac{f(x_1) - f(x_2) }{x_1 - x_2}\| \leq k $ ?
Which is equivalent to
$\| \frac{df}{dx}\| \leq k $ ?