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A daycare contract is signed when a parent hires daycare services for their child. Daycares are places where parents can have their children cared for while they are at work. There are different types of daycares such as 24-hour, center-based, gym, and home-based. Daycares must be licensed and follow specific state laws regarding building codes, safety, and staffing requirements.Parents need to ensure that the daycare they choose is in good standing and registered with their state's daycare registry.