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In this tutorial, Abdullah Hammond explains how to manage contract expiry dates, emphasizing its relevance for HR professionals and other applications. He illustrates the process starting with a sample contract beginning on April 8, 2020, with a duration of 12 months. To calculate the contract's end date, he utilizes the "EDATE" function, which takes a starting date and a number of months as inputs. Positive values move the date forward, while negative values move it backward. This method allows users to track contract durations effectively.