License Error: "The license file <PathToLicenseKey> does not contain a a license for Recovery Manager for Active Directory" (4237086)

When trying to apply the license key, the following error is shown:

"The license file <PathToLicenseKey> does not contain a license for Recovery Manager for Active Directory"

OR

"The license file <PathToLicenseKey> does not contain a license for Recovery Manager for Active Directory Forest Edition"

OR

"The license file <PathToLicenseKey> does not contain a license for Recovery Manager for Active Directory Disaster Recovery Edition"

Open the license key file using Notepad and confirm it is for the correct version of RMAD that you are installing, Recovery Manager for Active Directory or Recovery Manager for Active Directory Forest Edition or Recovery Manager for Active Directory Disaster Recovery Edition. Also confirm that the license is for the correct version number 10.