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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 upfront payment, offering payment plans can make expensive services more accessible. Additionally, payment plans can accrue interest, benefiting both parties. A comprehensive payment plan contract should include the names of the parties, service description, total balance due, repayment details (down payment, interest rate, repayment start date, and period), payment instructions, late payment stipulations, signatures, and any other relevant terms. For more resources, visit eForms.com.