Delete LW's preferences folder when LW's properly closed. See point 3 here & also point 2 if you've used much older versions of LW in the past (there could be a folder in either location).
Fixes for LimeWire
This will kill all of your settings within options, you'll have to go back through afterwards & reset things.
After deleting the prefs, you should find that the license box pops up the first time you try to download a file