Most of the above issues are caused on Windows 7 due to the Visual Studio C++ Redistributable.
I like many others when running Cakewalk Command Center didn't right-click it and choose RUN AS ADMINISTRATOR. The cakewalk installation tries to install the Visual Studio C++ 2015 Redistributable - and fails - because it didn't have the administrator privileges in windows7 to complete the installation. I'm convinced this causes most of the issues. This actually caused the windows update problems on my PC as the Cakewalk attempt to install the VC failed and whacked the PC.
In my case - I first downloaded the windows updater troubleshooting utility (listening to this post) and ran it - it did fix a few issues but could not fix the whacked install of the VC redist. So I went into control panel / programs and features and completely uninstall any of the Windows Visual Studio C++ 2015 Redistributable (both x64 and x86) versions - and then downloaded the latest MicroSoft versions. This - was a waste of time. As the latest versions from microsoft are of a lesser version than the one Cakewalk update 1 tries to install.
Again uninstall the VC redist from MicroSoft. I now had a clean PC with no VC 2015 redist (like I did prior to running Cakewalk Commander). Except this time I just ran CakeWalk Commander using RUN AS ADMINISTRATOR and the VC 2015 redist x64 with Cakewalk installed fine - patch install successful.
So as much as I appreciate the above posts - FIRST before you do anything try running cakewalk commander via RUN AS ADMINISTRATOR. Saves alot of time.
If you get the error in this post at beginning - means you most likely didn't run cakewalk commander via RUN AS ADMINISTRATOR and you'll have to try what everyone else has here.
A simple prompt during the cakewalk update1 patch installation stating to RUN AS ADMINISTRATOR or checking to see if installing on windows 7 and if so - then prompt user to quit and RUN AS ADMINISTRATOR would save alot of people the hassles here. Most people today are still not running higher than windows 7 as everytime we try to update something - Cakewalk blows up!!! The life of PCs.... ;-)