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A daycare contract is signed when a parent hires daycare services for their child. Daycare is a place where parents can have their children cared for while they work. Different types of daycare include 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 hold a license and be in good standing to be listed in the state's daycare registry.