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A photography payment plan is created between a professional photographer and a client for using images or services. Offering payment plans can make costly services more affordable for customers. The plan should include names, service description, total balance due, repayment details, interest rate, start date, payment instructions, late payment stipulations, signatures, and other terms. Payment plans can benefit both parties, with customers avoiding lump sum payments and photographers collecting interest. For more legal documents, visit eForms website.