JQuery Change label

HTML

<input name="input_147.1" value="I agree to Veryappt’s Terms of Service" id="choice_3_147_1" type="checkbox">
<label for="choice_3_147_1" id="label_3_147_1">I agree to Companie’s Terms of Service</label>

JavaScript

jQuery.noConflict();
   jQuery(document).ready(function($) {

      $('#label_3_147_1').html('You also agree to our <a href="http://www.google.com/accounts/TOS" name="terms" target="_blank">Privacy Policy</a>, which describes how we process your information. <a href="https://support.google.com/accounts/answer/1733224?hl=en-GB" name="terms" target="_blank">Learn More</a> about why we ask for this information.');

   });