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In this video, the speaker discusses publishing contracts, particularly focusing on the "right of first refusal" clause commonly found in contracts with university presses. This clause obligates authors to give the publisher the first opportunity to publish their next book. If the publisher accepts, the author must publish with them; if the publisher declines, the author can seek other publishers. The speaker strongly advises authors to reject this clause, as it is typically unnecessary and often disadvantageous, especially for first-time authors who may feel pressured to agree to unfavorable terms.