I have replied below for the sake of helping others with the same problems, all sorted now and am up and running. Thanks once again!
First, please try restarting the computer and the workstation the hosts RLM, assuming you have a node-locked license (this ensures that your license are not for some reason oversubscribed).
Do you have a floating license, or node-locked? NODE LOCKED
Is this on your windows computer, or mac? PC
You are using the 126.96.36.199 plugin, correct? YES
If you temporarily start with formZ "factory default" preferences, does that allow formZ to launch? To start with "factory defaults" first quit formZ. Then, on Windows, rename the USER\App Data\Roaming\ autodessys folder before launching. Or on Mac, Quit formZ, go to the Go Menu, hold down the Option key, choose Library>Preferences and rename the autodessys folder within. THIS SOLVED THE ISSUE.