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In this video tutorial, the speaker discusses an important aspect of publishing contracts, specifically with university presses: the right of first refusal. This clause, commonly found in most contracts, grants the publisher the first opportunity to publish your next book after your initial work. If included, you must offer them the chance to publish your subsequent book before approaching other publishers. The speaker strongly advises rejecting this clause, as it can limit your options as a first-time author who may feel grateful for any publishing opportunity. The consensus among publishers and editors is to always reject this stipulation.