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Other names for the document:

Home daycare contract and handbook
Part time daycare contract
Daycare employee contract sample
Drop-in daycare contract
Child care agreement between parents
Child care agreement form
Parent agreement form for child care
Daycare enrollment contract

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Typically, child care providers are small business owners and should have written contracts and policies in place to assist with parent communication. These contracts are the agreements that spell out the child care services and costs, while policies detail how the provider will care for the child.
Owners of daycare centers profit an average of $37,000 per year. While some owners of daycare centers report earning over $60,000 profit per year, the other side of the spectrum reported hauling in less than $20,000 profit.
Because it is a contract, the best way to cancel a contract is to do so in a formal letter. The contract may have some specific language about severing the relationship and should be followed. There may be specifics like, must give a 30 day notice, or enrollment is prorated and must be paid in full.