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In this video, the speaker discusses publishing contracts, focusing on the "right of first refusal" clause commonly found in contracts with university presses. This clause obligates authors to offer their next book (Book Y) to the publisher of their previous work (Book X) before seeking other publishers. While this is a standard boilerplate clause, the speaker strongly advises first-time authors to reject it. Although new authors may feel grateful for any publishing opportunity, accepting this clause could limit their future publishing options. The speaker emphasizes that both publishers and editors agree on the importance of rejecting the right of first refusal when negotiating contracts.