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A photography payment plan is beneficial for professional photographers offering expensive services, as it can make services more affordable for customers. The payment plan agreement should include names of parties, service description, total balance, repayment plan details (including down payment, interest rate, start date, repayment period), payment instructions, late payment stipulations, signatures and other terms. Offering payment plans can benefit both the customer and the photographer, as it allows for payment in installments and may include interest charges. For more legal document templates, visit eforms.com.