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In this video tutorial, Abdullah Hammond explains how to manage contract expiry dates, a valuable skill for HR professionals and others. He provides an example with a contract starting on April 8, 2020, and a duration of 12 months. To calculate the contract's ending date, he introduces the "EDATE" function, which determines a date based on a starting date and a specified number of months. The function allows for both positive and negative inputs: positive months move forward in time, while negative months move backward. This method facilitates contract management by clearly identifying expiration dates.