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A daycare contract is signed when parents hire daycare services for their child. Daycares are businesses that provide child care while parents are at work or otherwise occupied. Types of daycare include 24-hour facilities for overnight care, center-based care for children dropped off at commercial locations, and home-based care in residential settings. Care options vary, with full-service facilities often being more expensive. Daycares are regulated by state child care administration offices, which enforce specific building, safety codes, and staffing requirements. All daycares must be licensed and in good standing to be listed in their state’s daycare registry.