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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the importance of articles of association for UK limited companies. He explains that all such companies must have these articles as their main constitutional document, adopted during incorporation. The articles define the rules and regulations that the company and its officers must adhere to. Campion also addresses the Model articles and briefly mentions the memorandum of association, emphasizing their purposes in company operations. He encourages viewers to like and share the video if they find it useful.