Common use of Recovery of Accounts Receivable Clause in Contracts

Recovery of Accounts Receivable. 3.1 Accounts receivable under this Contract may be recovered according to the following method (2) (refer to the "Accounts Receivable Transfer List" for details): (1) Party A manages and recovers the accounts receivable by itself; (2) Party B calls and urges the buyer to deposit the accounts receivable into the factoring account. 3.2 Party A should check the accounts receivable with the corresponding financing one by one after receiving the full payment from the buyer. Once confirmed, the corresponding financing of this account receivable should be written off from the "Accounts Receivable Transfer List", and the factoring balance (if any) should be paid to Party B in time.