Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Are you using a Click-to-Run version of Office 2010?
You may repair Office 2010 from the Control Panel and check if it helps. Refer the link given below on how to repair Office. You may restart the computer once the repair is done.
http://office.microsoft.com/en-us/project-help/repair-or-remove-office-2010-HA010357402.aspx
If the repair doesn’t help, and if it’s a Click-to-Run version, you may refer the link on how to switch to the MSI based version of Office 2010, and see if that helps.