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In this video tutorial, the speaker discusses publishing contracts, emphasizing the importance of rejecting the "right of first refusal" clause, commonly found in contracts with university presses. This clause gives the publisher the first opportunity to publish an author's next book. If the author accepts, they are obligated to publish with that publisher; if declined, they can approach others. The speaker cautions first-time authors, who may feel grateful to have a publisher, to be wary of this clause, as it can limit their future publishing options. Ultimately, rejecting the right of first refusal is a crucial step in securing more freedom for subsequent works.