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In this lesson, the focus is on the articles of association, a key part of the company formation and incorporation process. The discussion includes the role and purpose of articles of association, how they form the core of a company's constitution, and their differences from ordinary contractual agreements. The articles of association are essential for the incorporation of a company, as they outline governance and operational rules. While they are a critical aspect of a company's constitution, not every single aspect of the company's operation is covered by them. Understanding these elements is vital for anyone involved in company formation.