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A daycare contract is signed when parents hire daycare services for their child. Daycares are businesses where parents can leave their children while at work. There are different types of daycares including 24-hour, center-based, gym, and home-based. Daycares must follow state regulations regarding building and safety codes, staffing requirements, and licensing. It is important for daycares to be in good standing to be listed in the state daycare registry.