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The Lanham Act, officially known as the Trademark Act of 1946, is a federal statute that governs trademarks, service marks, and unfair competition in the United States. It provides a nationwide system for trademark registration and protection, aiming to prevent confusion among consumers regarding the source of goods and services. This act is crucial for businesses as it allows them to secure exclusive rights to their trademarks, thereby promoting fair competition and protecting brand identity.
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