I just checked and I am no longer getting the error when trying to install a new copy of OS X from the Recovery Partition. All I had to do was sign in with the account Lion was purchased with and all went as smooth as butter. 
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Install New Copy from Recovery Partition (Works Now)
- Thread starter ck2875
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Alright thanks for the heads up. I looked but couldn't find it posted (yeah, I searched but got tons of fodder mixed in). Sorry for the repeat post.