The service failed to open log file. The service will stop. Error Code: %1!_HRX! Cause: This may be caused if there is a ...

The service failed to open log file. The service will stop.

Error Code: %1!_HRX!
Cause: This may be caused if there is a configuration error like the service account does not have write permission to the log file or the size of the log file is above the permissible limit.
Resolution:
Check if the log file exists. If it does, then create a backup and then delete the file. Also make sure that the service account has write permission to the log file and log file directory.