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A daycare contract is signed when a parent hires daycare services for their child. Daycares are places where parents can leave their children while they attend work. There are different types of daycares including 24-hour, center-based, gym, and home-based. Daycares are regulated by each state's child care administration office and must follow specific laws related to building codes, safety codes, and staffing requirements. Daycares must hold a license and be in good standing to be listed in the state's daycare registry.