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A photography payment plan is an agreement between a photographer and a client for the use of images and services. While some photographers prefer full upfront payment, offering payment plans can make expensive services more accessible to clients. Such plans can also generate interest, benefiting both parties. Key components of the payment plan contract should include the parties' names, service descriptions, total amount due, repayment terms (including down payment and interest), repayment start date, payment instructions, late payment terms, signatures, and any additional relevant terms. For more legal documentation resources, visit eForms.