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Today's video discusses publishing contracts, specifically focusing on the right of first refusal with university presses. This clause gives the publisher the first opportunity to sign your next book after the current one. It is typically included in most contracts but should always be rejected. This clause obligates you to offer them the chance to publish your next book, giving them the first right to accept or decline. If they decline, you can then seek other publishers. As a first-time author, it is crucial to understand and be cautious of this clause.