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In this video, the speaker discusses publishing contracts, emphasizing the importance of rejecting the "right of first refusal" clause commonly found in contracts with university presses. This clause grants the publisher the first opportunity to publish the author's next book after the current one. If an author signs this clause, they must offer their next book to the publisher first, and if the publisher agrees, the author is obligated to publish with them. The speaker highlights that this clause is generally rejected by all publishers and editors, particularly stressing that first-time authors might feel pressured to accept it out of gratitude for being published.