Object Already Exists during installation

During installation of BLS-2022, an error will appear stating "Object Already Exists" and the installation will fail.
Microsoft released an update mid August 2014 with KB2918614 - http://support.microsoft.com/kb/2918614
This update has affected different installers for different products and may affect installation of BLS-2021.
Currently, the resolution is:
  1. Go to your Control Panel and select Remove Programs.
  2. Choose the option to view the Windows Updates installed. 
  3. Look for the Windows update with (KB2918614) as part of the description. 
  4. Uninstall this update.
  5. Reboot computer
  6. Install BLS-2022.