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A photography payment plan can be created between a professional photographer and a client to make services more affordable. While some photographers prefer collecting the entire amount owed upfront, offering payment plans for costly services can be beneficial for both parties. Payment plans may include interest for the photographer to collect. Key elements to include in the payment plan agreement are names of the parties, service description, total balance, repayment plan with down payment, interest rate and start date, payment instructions, late payment stipulations, signatures, and other terms. For more legal document templates, visit eforms.com.