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A photography payment plan is an agreement between a professional photographer and a client for the use of images or services. While some photographers prefer full upfront payment, offering payment plans can make expensive services more accessible and beneficial. These plans may incur interest, allowing photographers to earn additional revenue while easing the financial burden on clients. 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, and repayment period), payment instructions, late payment policies, signatures, and any applicable terms. For legal documents, visit eForms.