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A photography payment plan is a beneficial agreement between a professional photographer and a client. While some photographers prefer full payment upfront, offering payment plans for costly services can make them more affordable for customers. Payment plans can also earn interest for the photographer. A payment plan contract should include names of parties, service description, total balance, repayment terms (including down payment, interest rate, start date, repayment period), payment instructions, late payment penalties, signatures, and other terms. Visit eforms.com for legal document templates.