VS : How to solve Could not load file or assembly Newtonsoft.Json error

I was working on my ASP.NET MVC application recently and I needed to do some serialization/deserialization work on JSON data. I chose to use Json.NET, a very popular JSON framework for .NET. The problem was that when I ran the application, I was getting an exception telling me that the Newtonsoft.Json could not be loaded due to the assembly's manifest definition not matching the assembly reference. In this article, I will show you what I tried and how I managed to solve the problem.