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When hiring for home repair work, a written contract is essential to protect against dishonest contractors, especially for projects over $500, as many states require it. The contract should include the project start and completion dates, contractor responsibilities for permits, payment schedule, a detailed list of materials with costs, warranties for materials and workmanship, handling of change orders, cleanup responsibilities, and the right to cancel within three business days. There are two main types of contracts: a fixed price contract, which itemizes all costs, providing budget protection, and a time and materials contract, which may not have a set total price.