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A photography payment plan is beneficial for both photographers and clients, especially for costly services. Payment plans make services more affordable by allowing customers to pay in installments. However, payment plans may incur interest, benefiting the photographer. Key components of a payment plan agreement include names of parties, service description, total balance, repayment terms (including down payment, interest rate, start date, and payment instructions), late payment stipulations, signatures, and other terms. For legal document templates, visit eforms.com.
