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In this video, the speaker discusses the Delaware Certificate of Incorporation, highlighting its necessity for establishing a Delaware corporate entity. This certificate is the initial document required to be filed with the state, which uses the information to create the legal entity and add it to the corporate register. Delaware law mandates that certain elements must be included in the certificate, while others are optional. The speaker notes that there can be varying opinions among lawyers regarding the elements to include or exclude. Delaware provides a standardized format that covers the minimum requirements for the filing.