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In this video, the speaker discusses a specific aspect of publishing contracts with university presses: the right of first refusal. This clause, commonly found in contracts, gives the publisher the first opportunity to publish an author's next book after the initial one. If the publisher agrees, the author must publish with them; if they decline, the author can seek other publishers. The speaker emphasizes that this clause should always be rejected, as it is not in the author's best interest, especially for first-time authors who may feel pressured to accept any publishing deal.