For polygons with more then 3 sides, it is not always a regular polygon. Assume a rhombus, which is a type of parallelogram that has the added restriction of being equilateral. It could have angles that don't all measure 90° (eg two 45° angles and two 135° angles).
That's the case for $n=4$, but what about the rest? For $n>4$ a more general method of generating irregular equilateral polygons would be to have one angle be 90°, and the rest will have measures according to this formula: $$\frac{90(2n-3)}{n-1}$$ Where n is the number of sides of the polygon.