If you are getting the error “The application failed to initialize properly (0xc0000135). Click on OK to terminate the application.” when you are launching an application you do not have the .NET Framework installed.
You can go to http://www.microsoft.com/en-us/download/details.aspx?id=22 to download the .NET Framework from Microsoft.
This can be an issue with XP systems as they do not come with .NET Framework by default, most Vista and newer systems will have .NET Framework 3.5 SP1 installed by default. Please remember that .NET Framework 4.0 is not backwards compatible with .NET Framework 3.5.