This error occurs when our software attempts to use functionality from the .NET 3.5 framework and is unable to do so. Depending upon your operating system, you will need to do the following steps:
Windows Server 2012
Follow the steps detailed here: https://technet.microsoft.com/en-us/library/dn482071.aspx
Windows 10
Follow the steps detailed here: https://answers.microsoft.com/en-us/insider/forum/insider_wintp-insider_install/how-to-instal-net-framework-35-on-windows-10/450b3ba6-4d19-45ae-840e-78519f36d7a4
Older versions of Windows
Install from the following page: https://www.microsoft.com/en-us/download/details.aspx?id=21