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A photography payment plan is often used by photographers and clients to handle payment for services or images. While some photographers prefer upfront payments, offering a payment plan can make services more affordable for customers. The plan should include details like names, service description, total balance, repayment terms (including down payment, interest rate, start date, and payment instructions), late payment rules, and signatures. Payment plans can benefit both parties, as customers don't have to pay a large sum at once and photographers can collect interest. To access legal document templates, visit eforms.com.