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In this video, Abdullah Hammond explains how to manage contract expiry dates, a concept particularly useful for HR professionals. He starts with 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 "EDATE" function, which takes a starting date and a number of months as inputs. Positive numbers move the date forward, while negative numbers move it backward in time. This method simplifies tracking contract expiration and can be applied in various contexts beyond HR.