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A photography payment plan is an agreement between a professional photographer and a client for using the photographer's images or services. While some photographers prefer full payment upfront, offering payment plans can make expensive services more affordable for clients. These plans may also incur interest, which benefits photographers over time. Key elements of a payment plan contract should include the names of the parties, a description of services, total balance due, repayment details (including down payment, interest rate, start date, and repayment period), payment instructions, late payment terms, and signatures. For legal document templates, refer to eForms.com.