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A photography payment plan is an agreement between a professional photographer and a client utilizing the photographer's images or services. While some photographers prefer full upfront payment, offering payment plans makes expensive services more accessible to clients. These plans may also earn interest for the photographer, benefiting both parties. An effective payment plan contract should include the names of the parties, a description of services, total balance due, repayment details (including down payment, interest rate, and repayment period), payment instructions, late payment terms, and signatures. For more information and legal documents, visit eForms.