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In episode #9 of Laura's "Working with a Nanny from A to Z" series, she discusses the significance of having a nanny contract. A nanny contract is essential as it outlines the working agreement details, preventing misunderstandings regarding daily operations between the nanny and the family. It ensures that the family receives the expected care and provides clarity for the nanny about their role. Additionally, the contract helps establish clear boundaries and expectations for both parties. Laura notes that some families opt to pay nannies under the table and may forgo a contract, but she recommends using one for clarity and protection.