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In this video tutorial about publishing contracts, the speaker emphasizes the importance of rejecting the "right of first refusal" clause commonly found in contracts with university presses. This clause allows the publisher the first opportunity to publish an author's next book, which can limit the author's options. If accepted, the author must offer their next manuscript to the same publisher before seeking other opportunities. The speaker cautions first-time authors, who may feel grateful for any publishing deal, to be mindful of this clause and advises always to reject it, as it is widely recognized by editors and publishers as detrimental.