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A nanny contract is a document between parents and a nanny that details the nanny's responsibilities and compensation. A nanny is dedicated to the long-term care of children, differing from a babysitter who provides more temporary care. Nanny duties typically include household tasks, meal preparation, and daily child care. Some families may choose to hire a live-in nanny who stays on the premises full-time. For parents looking to find a nanny, it is advised to seek referrals from family and friends. Additionally, online platforms such as Care and Sittercity.com offer comprehensive listings and reviews to assist in the search for suitable candidates.