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Nicholas Campion from 1st Formations discusses the importance of articles of association in a recent episode of Whiteboard Thursday. He emphasizes that all limited companies registered in the UK are required to have articles of association, which serve as the main constitutional document, outlining the rules and regulations the company and its officers must adhere to. Campion also touches on the Model articles and the memorandum of association, explaining their relevance. The video aims to clarify the necessity and purpose of articles of association for businesses, encouraging viewers to like and share if they find the content helpful.