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This is due to .Net 4.5 which is installed from 2014 release. We have fixed this issue in Vault 2013 SP1. You can download and install it from the following link.
If possible please go ahead and install the latest Update 2 for SP1 from this
Hope that helps.
No. You do not need to remove .Net 4.5. Installing SP1 will fix the issue.
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