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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the importance and purpose of articles of association for UK limited companies. He emphasizes that all registered companies must have these documents, which serve as the main constitutional framework governing the company's operations and conduct. The articles are adopted during the incorporation process and outline the rules and regulations that the company and its officers must adhere to. Additionally, Campion touches on Model articles and the memorandum of association, providing a comprehensive overview of their roles in company governance.