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