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In this video tutorial, Abdullah Hammond explains how to manage contract expiry dates, a skill beneficial for HR professionals and others. He illustrates the process using a sample contract that starts on April 8, 2020, with a duration of 12 months. To calculate the contract's end date, he employs the EDATE function, which requires the starting date and a specified number of months. The months can be positive or negative, allowing the calculation to move forward or backward in time. This method serves as an effective way to track contract timelines accurately.