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In this video, the speaker discusses publishing contracts, focusing on the right of first refusal, a common clause in many contracts, especially with university presses. This clause grants the publisher the first opportunity to publish your next book after your initial contract. If you agree to this clause, you must offer your next manuscript to them before considering other publishers. The speaker strongly advises against accepting this clause, noting that many publishers and editors would agree. For first-time authors, it can be tempting to accept such terms due to the excitement of being published, but it is crucial to understand the potential limitations it imposes on future work.