Relinquish one's grasp on (something) to ( someone or something) verb phrase
To unwillingly give up control of something
I relinquished my grasp on the project to John who I don't trust.
She has relinquished her grasp on the company to her son.
To leave, stop, or give up (doing) something before the severe consequences come
To yield to someone or something.
To surrender.
The verb "relinquish" must be conjugated according to its tense.
Daughter: So I really want all my friends to have a great time. I was thinking it would be a good idea to have some candy out on the tables for people to snack on.
Mother: Well, if you want them to really enjoy themselves, candy is dandy but liquor is quicker.