Could not transform licenses file 'file' into a binary resource. <reason>
The licenses processor used to transform .licx files into binary resources failed for some reason.
This error is typically caused by a bad .licx file. For example, the file may have been opened and modified in a text editor.
The build process will fail if this error occurs.
To correct this error
Select the project in Solution Explorer.
From the Project menu, click Show All Files.
In the Solution Explorer, expand the obj folder, and then expand the Debug folder.
Locate the file named "myApplication.exe.licenses" where myApplication is the name of your Windows Forms application.
Delete this file and rebuild the solution.