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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the necessity and purpose of articles of association for companies. He emphasizes that all limited companies registered in the UK must have articles of association, which serve as the company's main constitutional document. This document is adopted during incorporation and outlines the legal rules and regulations that the company and its officers must follow. Additionally, Campion introduces the concept of Model articles and briefly mentions the memorandum of association. He encourages viewers to like and share the video if they find the content useful.