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A photography payment plan is created between a photographer and client to make services more affordable. Some photographers prefer collecting the full amount owed, but offering payment plans can benefit both parties. The payment plan should include parties' names, service description, total balance, repayment plan (down payment, interest rate, start date), payment instructions, late payment stipulations, signatures, and other terms. Payment plans may include interest, providing photographers with additional financial benefits. For more legal documents, visit eforms.com.