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A daycare contract is typically signed when parents hire daycare services for their children. Daycares provide care for children while parents are at work or occupied with other commitments. There are various types of daycare options, including 24-hour facilities for overnight care, center-based locations for drop-offs during the day, and home-based services at residential settings. Full-service daycares, which cater to infants and toddlers, tend to be more expensive. Daycares are regulated by each state's childcare administration, which enforces specific laws regarding building safety codes and adult-to-child ratios. All daycares must be licensed and listed in their state's daycare registry to ensure compliance with these regulations.