Q. acknowledging in this clause? 0 Select one answer. The parties acknowledge that seller and vendor have the same meaning, as do buyer and purchaser. The parties to the agreement are acknowedging that attached schedules are not part of the figreenent of Purchase and Sale. The parties are agreeing that nothing has been said or done, other than specifically stated in the agreement, to Any information inserted into the agreement takes bring them to a mutual agreement. precedence over the pre-set text should there be a confict or discrepancy. 00