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In this video tutorial, Abdullah Hammond explains how to manage contract expiry dates, with a focus on HR applications. He begins by establishing a contract starting date (April 8, 2020) and a duration of 12 months. To calculate the contract's ending date, he introduces the "EDATE" function, which requires the starting date and the number of months (positive for forward calculation, negative for backward). This function enables users to determine the precise end date of a contract based on its duration, emphasizing its utility in various applications beyond HR.