Parallels.com The product key you entered didn't work. Check the product key ... (0xc004f050)

Hello,
We recently created a new VM and installed a copy of Windows 10 from Parallels during the creation process. We legally purchased a license key, but when entering it, we get the error:
The product key you entered didn't work. Check the product key and try again, or enter a different one. (0xc004f050)
We are not sure why this is happening, and the Windows licensing troubleshooter doesn't give much useful information. Any help would be appreciated.

With Best Regards,
Josh

 

Hello @AdminA, Kindly check your DM, we have requested for more details for further assistance. Thanks.