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In this video tutorial, Laura from Nanny Parent Connection discusses the significance of having a nanny contract in episode #9 of her series. She highlights that a nanny contract serves to clarify the working agreement between the nanny and the family, reducing misunderstandings regarding daily responsibilities. The contract offers protections for both parties: it ensures families receive the care they desire and informs nannies about their expectations. Additionally, it helps define the role's parameters. Laura notes that while some families opt to pay nannies under the table, having a contract is advisable for clear communication and security.