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Today we're discussing publishing contracts, and I'm going to simplify it by focusing on one crucial aspect with university presses - the right of first refusal. It's a common clause in contracts where the publisher gets first dibs on your next book. If they say yes, you must publish with them; if they say no, you can approach other publishers. It's something every publisher and editor agrees should be rejected. As a first-time author, it's essential to understand and negotiate this clause.