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A photography payment plan is an agreement between a professional photographer and a client regarding the use of photographic services or images. While some photographers prefer full payment upfront, offering a payment plan can make expensive services more accessible to clients. This arrangement can also allow photographers to earn interest on the payments. A payment plan contract should include essential elements such as the names of the parties, a 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 other relevant terms. For legal document templates, visit eForms.