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A daycare contract is signed when parents hire daycare services for their children. Daycares provide care for children while parents work or meet other obligations and come in several types: 24-hour (for overnight care), center-based (commercial location), gym-based (for parents working out), and home-based (residential location). They cater to different age groups, including infants and toddlers, with full-service options often being more expensive. All daycares must comply with state regulations concerning building safety codes and staff-to-child ratios, holding a valid license to be listed in their state's daycare registry. Each state has specific laws governing daycare operations.