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In this video tutorial, Abdullah Hammond explains how to manage contract expiry dates, which is particularly useful for HR professionals, but applicable in other areas as well. He begins by establishing a contract's starting date, using April 8, 2020, as an example, and a duration of 12 months. To determine the contract's ending date, he introduces the function called "e date." This function requires the starting date and the number of months, which can be either positive (advancing forward) or negative (going back in time). By inputting these parameters, users can effectively calculate contract expiry dates.