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A daycare contract is typically signed when parents hire daycare services for their children. Daycare refers to businesses that care for children while parents work or meet obligations. There are various types of daycare, including 24-hour daycare for overnight stays, center-based daycare where children are dropped off at commercial locations, and home-based daycare at residential settings. Infant and toddler care is usually more expensive. Daycares are regulated by state child care administration offices and must adhere to specific laws regarding building safety and staffing. Each daycare must hold a license and be in good standing to be listed in the state’s daycare registry.