Each party acknowledges that he or she has carefully read and understands every word in this agreement, realizes its legal effect, and is signing this agreement freely and voluntarily.

协议各方承认他或她已经仔细阅读和理解了本协议中的每句话，认识到了其法律效力，并自愿签署本协议。

youdao

President Obama is weak, and the White House understands and acknowledges that weakness.

FORBES: Why Mitt Romney Can't Wait