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In this video, the speaker discusses publishing contracts, focusing specifically on the "right of first refusal" clause common in agreements with university presses. This clause allows the publisher the first opportunity to publish an author's next book, obligating the author to offer it to them first. If accepted, the author must publish with that publisher; if declined, they can then approach other publishers. The speaker emphasizes that new authors, eager to have their work published, often overlook the drawbacks of this clause, but it's crucial for every author to always reject it, as it limits future publishing opportunities.
