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In this video tutorial, the speaker discusses publishing contracts, specifically focusing on the "right of first refusal" clause commonly found in contracts with university presses. This clause allows the publisher to have the first opportunity to publish the author's next book. If the author signs a contract for Book X, they are obligated to offer Book Y to the same publisher first. If the publisher declines, the author can seek other publishing options. The speaker strongly advises against accepting the right of first refusal, as it is generally agreed upon by publishers that this clause should always be rejected, particularly for first-time authors who may feel pressured to comply.