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A photography payment plan can be beneficial for both the photographer and the client. While some photographers prefer to collect the entire payment upfront, offering payment plans for costly services can make them more affordable for customers. Payment plans can include interest, providing a benefit to the photographer. The payment plan contract should include names of parties, service description, total balance, repayment plan details, interest rate, start date, payment instructions, late payment stipulations, signatures, and any other relevant terms. Visit eforms.com for legal document templates.