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In this video, Abdullah Hammond explains how to manage contract expiry dates, a useful skill for HR professionals and others. Starting with a sample contract beginning on April 8, 2020, he outlines a 12-month duration. To calculate the contract's end date, he introduces the "EDATE" function, which requires a starting date and the number of months to add or subtract. A positive number moves the date forward, while a negative one moves it backward in time. This method ensures accurate tracking of contract expiry dates, facilitating effective management.