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When hiring someone for home repair work, a contract is essential to protect against dishonest contractors. Many states require written contracts for projects over $500. Key elements to include are the project start and completion dates, contractor responsibilities for permits, a payment schedule, a detailed list of materials (with costs, colors, and brands), warranties, handling of change orders, responsibilities for cleanup and property damage, and your right to cancel within three business days. There are two contract types: fixed price and time and materials. A fixed price contract details all costs, safeguarding against exceeding the original estimate and maintaining the budget.