An MOU should include the following key elements: 1. Purpose: Clearly state the purpose of the MOU. 2. Scope: Define the scope of the cooperation or collaboration. 3. Responsibilities: Outline the roles and responsibilities of each party. 4. Timeline: Specify the duration of the MOU and any key milestones. 5. Confidentiality: Include clauses about the confidentiality of shared information. 6. Termination: Detail how the MOU can be terminated. 7. Signatures: Ensure all parties sign the document to indicate their agreement.