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A daycare contract is typically signed when parents hire daycare services for their children. A daycare is a business providing childcare while parents attend work or other obligations, with different types available: 24-hour for overnight care, center-based for commercial locations, gym-based for exercise sessions, and home-based for residential care. Full-service daycares cater specifically to infants and toddlers but are generally more expensive. Daycares are regulated by each state's child care administration, following laws related to safety, building codes, and adult-to-child ratios. All daycares must hold a license and maintain good standing to be listed in their state's daycare registry.