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In this video, the speaker discusses publishing contracts, specifically focusing on the right of first refusal, a common clause in such contracts. This clause grants publishers the first opportunity to publish an author’s next book after their current contract. If signed, the author must offer their subsequent work to the publisher before seeking other opportunities. The speaker emphasizes that this clause should always be rejected, noting that every editor agrees with this stance. First-time authors may feel thankful for a publishing deal, but they should be cautious and understand the implications of this commitment.