Once you sign away something, the decision is usually final and cannot be undone. He signed away his share of the business, and there was no turning back.
Pro Tip 2/3
Legal Consequences
The phrase often implies serious legal consequences, so it should be used with awareness of the implications. By signing away her parental rights, she could no longer claim her son as dependent.
Pro Tip 3/3
Written Agreement
'Sign away' involves a formal written document; it's not just a verbal agreement. They had to sign away their rights in writing before the settlement was valid.