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In this video tutorial by Abdullah Hammond, viewers learn how to manage contract expiry dates, particularly useful for HR professionals but applicable in other fields as well. The process begins with a contract's start date, given as April 8, 2020, and a duration of 12 months. To calculate the contract's end date, the tutorial introduces the e-date function, which requires the starting date and the number of months to calculate the ending date. The number of months can be positive, moving the date forward, or negative, moving it backward, enabling effective management of contract timelines.