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In this video, Abdullah Hammond explains how to manage contract expiry dates, particularly useful for HR professionals but applicable in other fields as well. He starts with a sample contract beginning 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 as inputs. Positive values for months move the date forward, while negative values move it backward. This tutorial provides a practical approach to tracking contract timelines effectively.