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In this video tutorial, Rainey from Oso Simply discusses the importance of a nanny contract. She explains that a nanny contract is a written document outlining the terms of agreement between a nanny and the family. It includes negotiated details from interviews or communications that both parties must sign, making it a legally binding agreement. The contract helps clarify expectations and prevents miscommunications that may arise during the nanny-families relationship. Rainey also plans to cover how to present a nanny contract and what essential elements it should include. Viewers can find time stamps for specific topics in the video description.