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In this video tutorial, Abdullah Hammond explains how to manage contract expiry dates, which is particularly useful for HR professionals but applicable in various contexts. He begins by stating a hypothetical contract start date of April 8, 2020, with a duration of 12 months. To calculate the end date, he introduces the "E-DATE" function, which requires a starting date and a number of months. The number of months can be either positive, moving forward in time, or negative, moving backward. The tutorial provides a clear method for using this function to determine contract expiry accurately.