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A photography payment plan is an agreement between a photographer and a client that allows payment for photography services or images over time. Many photographers prefer full payment upfront, but offering payment plans can make services more affordable for clients, especially for costly services. Payment plans may also include interest, benefiting photographers by allowing them to collect additional income. Essential elements of a payment plan include the names of the parties, a description of services, the total balance due, repayment details (such as down payment, interest rate, and start date), payment instructions, late payment terms, signatures, and any additional relevant terms. For legal documents, visit eForms.