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A photography payment plan is often created between a professional photographer and a client to make expensive services more affordable. The agreement involves the client paying in installments, possibly with interest. Key elements to include in the payment plan contract are names of the parties, description of services, total balance due, repayment plan details (including down payment, interest rate, start date, and terms), payment instructions, late payment stipulations, signatures, and any other relevant terms. Visit eforms.com for a wide range of online legal documents.