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A photography payment plan is a contract between a photographer and a client for using the photographer's images or services. While some photographers prefer full payment upfront, offering payment plans can make their services more affordable for clients, especially for costly services. Payment plans may include interest, allowing photographers to benefit financially while clients avoid a lump sum payment. Key elements to include in the payment plan are: names of the parties, description of services, total balance due, repayment plan details (including down payment, interest rate, and start date), payment instructions, late payment terms, signatures, and any additional conditions. For legal document templates, visit eForms.