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In this video, the speaker discusses publishing contracts, specifically focusing on the "right of first refusal" clause commonly found in contracts with university presses. This clause obligates authors to offer their next book to the publisher before seeking other options. If the publisher accepts, the author must publish with them; if they decline, the author can approach other publishers. The speaker strongly advises against agreeing to this clause, as it can limit the author's opportunities and is generally opposed by publishers and editors alike. As a first-time author, the excitement of being published may lead to overlooking this important detail, but it is crucial to reject it.