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When hiring someone for home repairs, having a written contract is essential for protection against dishonest contractors, especially for projects exceeding $500, as many states require it. A contract should include the project start and completion dates, contractor responsibilities for permits, a payment schedule, a detailed list of materials with costs, warranties for materials and workmanship, change order handling, responsibility for clean-ups and damages, and your right to cancel within three business days. There are two types of contracts: fixed price, which details all costs and safeguards against budget overruns, and time and materials contracts.