How Do I Fix "This patch was created in a newer version" Error in Kontakt?

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If you are receiving the error message “This patch was created in a newer version”, you may be trying to load an instrument in Kontakt that was created using a newer version of Kontakt.

Kontakt patches are not backward compatible, and will not work with previous versions of Kontakt.

To fix this, you will need to update your copy of Kontakt to the latest version.