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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 payments, offering payment plans can make expensive services more affordable for clients. Additionally, these plans can generate interest for the photographer. Key elements to include in a payment plan contract are: the names of the parties, service description, total balance, repayment plan details (including down payment, interest rate, and start date), payment instructions, late payment terms, signatures, and any other relevant conditions. For legal document templates, visit eForms.com.