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In this video, the speaker discusses publishing contracts, focusing specifically on the "right of first refusal" clause, which is commonly included in agreements with university presses. This clause grants the publisher the first opportunity to publish an author's next book after the initial one. If the author signs the contract, they are obliged to present their next manuscript to the same publisher first. The speaker strongly advises against accepting this clause, as it can limit an author's options and future opportunities. This advice is framed as a consensus among publishers and editors, emphasizing the importance of rejecting this boilerplate term in contracts.