The answer is regulatory.
If the party conducting the act is not licensed and the statute is regulatory, the court will not enforce an agreement between parties to perform an act that requires a license in accordance with state law.
A mutual assent between two or more people is expressed through an agreement. It occurs through an offer and an acceptance and represents a coming together of the minds with a shared goal. Words, behavior, and in certain circumstances even silence can all be used to demonstrate an agreement.
Hence, when analyzing an agreement between parties to perform an act that requires a license pursuant to state law, a court will not enforce the agreement if the party performing the act is not licensed and the statute is regulatory.
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