Resolution: Just a guess but the issue with this seemed to be that while an app is in the development cycle, the licensing will eventually run out on the installed instance. In order to get past this error, you will need to check a box that will uninstall the original project and reinstall it. Do this by right clicking on the project, selecting 'Properties', going to the 'Debug' tab, and selecting the 'Uninstall and then re-install my package. All information about the application state is deleted.' check box (see Figure 2 below).
This fixed the issue for me.