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A nanny contract is a formal document outlining the responsibilities of a nanny and the compensation they receive. A nanny is dedicated to the long-term care of children, differentiating them from babysitters, who generally provide temporary care. Nanny responsibilities may include household chores, meal preparation, and daily child care. Some families opt for a live-in nanny, who resides with them full-time. To find a nanny, parents should seek referrals from family and friends and explore websites like Care or Sittercity.com, which offer a variety of options and reviews.