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A photography payment plan can be helpful for clients using a photographer's services or images. While some photographers prefer upfront payment, offering payment plans can make services more affordable for customers. However, payment plans may incur interest, benefiting both the customer by spreading out payments and the photographer by collecting interest. A payment plan contract should include names of parties, service description, total balance, repayment plan details (down payment, interest rate, start date), payment instructions, late payment terms, signatures, and other applicable terms. For legal documents, visit eforms.com.