Introduction: 

Write an introductory statement that outlines authority.

Remember that authorization matters when creating the terms of an
agreement. Otherwise, no party might take the document’s content seriously.
So be sure to introduce a summary of what the memorandum is about. Is it
about a new project, special event, sponsorship, or any service? Nonetheless,
that summary prepares anyone who reads it about what to expect.
Purpose of the Agreement: Forming the memorandum is not for naught
since it surely has a reason involved. In the agreement’s purpose section,
indicate the name of parties, their contact information, and the scope of work.
Setting a clear purpose prevents further questions, so you aim to feed your
readers with the gist.
Arrangement Details: Expound the partnership goals if necessary. Indeed, a
summary may suffice, but clarifications also help. Maybe the agreement’s goal
still needs a breakdown. Moreover, mention the arrangement information of
the memorandum clearly. For example, what consequences will a party face if
he or she cannot fulfill the expected duties?
Roles and Responsibilities: Speaking of duties, incorporate a section
specifically for the roles or responsibilities. Each party has a set of tasks to
follow, and listing down every task is essential. Don’t forget to recall what
responsibilities are needed to stipulate in the form. That way, no role
expectation will be forgotten once everything is listed.
Payment Schedule: Although payment plan schedules are optional, some
instances need those. Calculate the amount of the payment or fund exchange,
and show it in the document. Be sure to explain what the payment is for and
how you derived it with that amount. After writing that part, proceed to jot
down the dates and deadlines of when to collect payments.
Agreement Duration: One party might ask about how long the MOA will be
effective. Thus, write when the agreement officially starts and on what date it
shall end. Many legally binding contracts and agreements are fixed at a
specific period anyway. In fact, the National Public Radio stated that 20% of
employees in the US that are working under contract engage in projects at a
fixed period.
Termination Details: Prepare for the worst circumstances like disputes,
disagreements—you name it. Other parties might not keep their promise.
Hence, the terms must include the termination of the contract or
memorandum. What conditions will be involved in changing and terminating
the MOA? Will there be fees to compensate? Clarify those concerns under
termination details.
Signatures: Lastly, validate the MOA by having all parties to sign. Those
signatures are your basis that such people have read, understood, and
promised to comply with everything written in the document. And this segment
is usually placed at the bottommost part of the sheet.