Why do I receive MathWorks Licensing Error 33?

When attempting to launch MATLAB I receive a MathWorks Licensing Error 33, which states:

A licensing error occurred while trying to use <PRODUCTNAME>. 

Answer 1

[MathWorks Support Team]

This error can occur when the network connection between the client and server is interrupted. Please contact your Network Administrator to make sure there are no issues with the Network you are running MATLAB on.

If you have verified that the network settings are correct and you are still getting this error, please contact Installation & Licensing Support here:

https://www.mathworks.com/support/contact_us.html