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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the articles of association, emphasizing their necessity for limited companies in the UK. These articles serve as the main constitutional document established during incorporation, outlining the rules and regulations that govern the company and its officers. Campion also mentions the Model articles and touches on the memorandum of association. He encourages viewers to engage with the video by liking and sharing it with others.