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A photography payment plan is a contractual agreement between a professional photographer and a client regarding the use of the photographer’s images or services. While some photographers prefer full upfront payment, offering payment plans can make expensive services more accessible for clients. These plans can also generate interest, benefiting photographers financially. Key elements to include in a payment plan contract are: names of the parties, service description, total balance, repayment details (including down payment and interest rate), repayment start date and period, payment instructions, late payment terms, and signatures. For legal document templates, visit eforms.com.