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In this tutorial, Abdullah Hammond explains how to manage contract expiry dates, emphasizing its relevance for HR professionals and other applications. He illustrates with an example, starting with a contract date of April 8, 2020, and a duration of 12 months. To determine the contract's ending date, he introduces the "EDATE" function, which requires a starting date and a number of months. Positive numbers move forward in time, while negative numbers move backward. This function simplifies tracking contract durations effectively.