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In this video tutorial, the speaker discusses an important aspect of publishing contracts, specifically focusing on the "right of first refusal." This clause is commonly found in contracts with university presses and grants the publisher the first opportunity to publish the author's next book. If the author signs such a contract, they must offer the publisher the chance to publish their subsequent work. Although first-time authors might feel grateful to have their work published, it’s advised to always reject this clause, as it limits future publishing options and obligates authors to the same publisher for their next project. The consensus among publishers and editors is to avoid this provision.