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In this video, the speaker discusses the importance of publishing contracts, particularly focusing on the "right of first refusal" clause commonly found in contracts with university presses. This clause grants the publisher the first opportunity to publish an author's next book. The speaker strongly advises against accepting this clause, emphasizing that it allows the publisher to have priority over new works, which can be limiting for first-time authors who may feel pressured to agree. The speaker notes that this practice is widely recognized and supported by editors and publishers, urging authors to be cautious and consider rejecting this terms in their contracts.