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A daycare contract is typically signed by parents when hiring daycare services for their child. Daycares are businesses providing care for children while parents work or fulfill other commitments. There are various types of daycare: 24-hour for overnight care, center-based where children are dropped off at commercial locations, gym-based for parents exercising, and home-based where children are cared for in residential settings. Daycares can be infant, toddler, or full-service, and they tend to be more expensive. Each daycare must be licensed and adhere to state regulations regarding safety, building codes, and adult-to-child ratios, and they must maintain good standing in the state’s daycare registry.