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In this video, Abdullah Hammond explains how to manage contract expiry dates, a valuable skill for HR professionals and others. He uses an example of a contract starting on April 8, 2020, with a duration of 12 months. To calculate the contract's ending date, he introduces the "E DATE" function, which requires a starting date and a number of months. Positive values for the months move the date forward, while negative values move it backward in time. This method simplifies the management of contract timelines.