Why do I receive License Manager Error -7?

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When opening MATLAB, I am given the following error:
ERROR: License manager error -7
This version of MATLAB requires a newer version of the network license manager. Update the license manager software to the latest version.
Why do I receive "License Manager Error -7"?

Accepted Answer

MathWorks Support Team
MathWorks Support Team on 30 Nov 2022
Edited: MathWorks Support Team on 30 Nov 2022
License Manager Error -7 is caused by running a new release of MATLAB using a network license that has not had the network license manager updated yet. A license administrator will need to update the license manager running on the designated license server to resolve this issue. For instructions regarding the update process, see the following article:
How do I update the network license manager?
If you require assistance with updating your license manager, contact MathWorks Licensing and Installation Support

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