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A photography payment plan is an agreement between a professional photographer and a client regarding the use of the photographer's images and services. While some photographers prefer full upfront payment, offering payment plans can make expensive services more accessible. This arrangement can also allow photographers to earn interest on payments. Key elements to include in the contract are: the names of both parties, a description of the services, total balance due, repayment plan details (down payment, interest rate, start date, repayment period), payment instructions, late payment terms, signatures, and other relevant conditions. For further resources, eForms.com has a comprehensive database of legal documents.