1215648 - Err Msg: "...free license could not be obtained in the time allocated" in .NET

An application is created in Visual Studio .NET 2002. This .NET application uses Crystal Reports for Visual Studio .NET as the reporting development tool.

When Crystal Reports 9 Developer / Advanced is installed, the CR.NET components are updated from version 9.1 to 9.2.

When the application is run, the following error message appears the first time the report document object is used:

"Crystal Reports Job failed because a free license could not be obtained in the time allocated"

How do you resolve this error message?

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NOTE:

This error message can also occur when downgrading applications from version 9.2 to 9.1

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DOTNET VS.NET JOB FAILED LICENSE COULD NOT BE OBTAINED Crystal Reports for Visual Studio Licensing CR.NET Components , c2012601 , KBA , BI-RA-CR , Crystal Reports designer or Business View Manager , Problem