A friend and I were playing a game of Entrenchment last night. To quickly summarize things, we had a really bad start and he ended up losing all his planets save for a capitalship with the ability to colonize. I ended up abandoning a planet to give him a fighting chance.
Thus, leading to my suggestion: Should it possible to 'give' a planet from one player to another? Such a move is not beyond the realms of Diplomacy. Often times, concession of territory happens between factions so they can focus on the Big Picture of things - Like bribing one faction to attack another faction.
In terms of game mechanics: The planet and all it's civic upgrades would transfer over, all structures in orbit, except resource extractors, would be scuttled to the player giving up the planet. Transfer time could vary based on how upgraded the planet is and the Diplomatic benefit towards the AI would also vary based on the quality the planet was in when transferred.