If you are working with the new version of .csproj, you may encounter this problem after adding a link to another solution project, if the link already exists as a dependency on the assembly (this link can be automatically added by Visual Studio).
In Solution Explorer, expand the conflicting project, go to Dependencies-> Assemblies, and make sure that there is no existing reference to the assembly that is causing the conflict. If it exists, just delete it and the conflict will be resolved.
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