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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 some photographers prefer full upfront payments, offering payment plans can make expensive services more accessible to clients and may also generate interest revenue for photographers. A payment plan contract should include essential details such as the names of both parties, a description of services, total balance due, repayment structure (including down payment and interest rate), start date for interest, duration of repayment, payment instructions, stipulations for late payments, and signatures. For more legal document resources, visit eForms.com.