after this letter of intent has been made, another formal agreement may be constructed to the benefit of the parties involved. if there is no formal agreement created, or the parties could not agree to the details by the closing date, this letter of intent shall be considered null and void. counterparts and electronic means: this letter of intent may be executed in several counterparts, each of which will be deemed to be an original and all of which will together constitute one and the same instrument. the recipient of this letter can also be either of these parties (depending on the sender) and must also be named. for instance, if both parties expect this letter to be enforceable in a court of law, then mark the first checkbox (“binding”).