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In this video tutorial, Abdullah Hammond demonstrates how to effectively manage contract expiry dates, a skill beneficial for HR professionals and applicable in various contexts. He explains that every contract typically has a starting date, exemplified as April 8, 2020, with a duration set to 12 months. To calculate the contract's end date, he introduces the "E DATE" function, which determines a date based on a specified starting point and the number of months. The function accommodates both positive and negative values, allowing users to navigate forward or backward in time from the initial contract start date.