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In this video tutorial, Abdullah Hammond explains how to manage contract expiry dates, particularly useful for those in HR. He starts by identifying the contract's starting date, using April 8, 2020, as an example, and mentions a 12-month duration for the contract. To calculate the contract ending date, he introduces the EDATE function, which requires a starting date and the number of months to add or subtract. Positive values move the date forward, while negative values shift it backward. This method enhances contract management effectiveness by clarifying expiry dates.