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A photography payment plan is an agreement between a professional photographer and a client regarding the use of the photographer's images or services. While many photographers prefer upfront payment, offering payment plans can make expensive services more accessible for clients. These plans may also allow photographers to earn interest on the payments. Key components of a payment plan contract should include the names of the parties, a description of services, total balance due, details of the repayment plan (including down payment, interest rate, and start date), payment instructions, late payment policies, signatures, and any additional terms. For legal document templates, consult eForms.