Error: “License manager does not support objects of this type or license is invalid”

Verify the followings:

1. Check the properties of the license key. If you apply a license key that has components that does not come with that version of LoadRunner, you will get this error.
   Example:
   Apply WAN emulation license (introduced in LoadRunner 7.6), or J2EE diagnostics (Introduced in LoadRunner 7.8 FP1) license on LoadRunner 7.5
2. Make sure that you are applying the license key on a machine where the license is generated for. In LoadRunner7.x, license keys are host lock. If you try to apply the license key on a separate machine, you will get this error.