Parties:

• In consignment, the parties are the consignor and consignee whilst in a joint venture the parties are called co-ventures

          Relationship:

• In consignment, it is principal and agent relationship whilst in a joint venture it is like a partnership

         Powers:

• In consignment, the consignee is the agent who follows instruction from the consignor who is the principal whilst in a joint venture, the co-ventures enjoy full powers as to the sale and purchase of goods and collection of dues, etc

       Governing Act:

• In consignment, as it is a principal and agent relationship hence governed by the Law of Agency whilst in a joint venture it is governed by the Partnership Act

       Sharing Profits:

• In consignment, the consignee is given commission whilst in a joint venture the parties are entitled to profit sharing

        Scope/Activities:

• In consignment, concerned only with the sale of movable whilst, in a joint venture it can undertake all kinds of business activities like construction of infrastructure, film-making and many others and which includes the purchase and sale of goods.

      Capital Contribution:

• In consignment, the consignee do not contribute capital whilst in a joint venture, all the co-ventures contribute funds or capital to the joint venture business.

       Number of Person:

• In consignment, normally two parties namely consignor and consignee whilst in a joint venture it is at least two and can have more parties.