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A daycare contract is signed when a parent hires daycare services for their child. Daycares are places where parents can leave their children while they work. There are various types of daycares including 24-hour, center-based, gym, and home-based. Daycares are regulated by each state's child care administration office, with specific laws related to building codes and safety. Daycares must be licensed and in good standing to be located on the state's daycare registry.