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A photography payment plan is an agreement between a photographer and a client for the use of images or services. While some photographers prefer full upfront payments, offering payment plans can make costly services more accessible to clients. These plans may also allow photographers to collect interest, benefiting both parties. Key elements to include in the payment plan contract are: the names of the parties, a description of services, total balance due, repayment plan details (down payment, interest rate, start date), repayment period, payment instructions, late payment clauses, signatures, and any other relevant terms. For legal document templates, visit eForms.