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A photography payment plan is created between a professional photographer and a client for using images or services. Some photographers prefer full payment upfront, but offering payment plans can make costly services more affordable. Payment plans can incur interest, benefiting both parties. A payment plan contract should include parties' names, service description, total balance, repayment plan (including down payment, interest rate, start date), payment instructions, late payment stipulations, and signatures. Visit eforms.com for legal documents.