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In this video, Abdullah Hammond explains how to manage contract expiry dates, primarily aimed at those in HR but useful in other contexts as well. He starts by defining the contract’s starting date, exemplified as April 8, 2020, and its duration, which he sets at 12 months. To calculate the contract's ending date, he introduces a function called "e-date," which determines the date after a specified number of months from the starting date. The "e-date" function requires the starting date and the number of months (positive for future dates and negative for past dates) to compute the contract's end.