Sounds like a contractual thing, not like a bundler thing. The client should always include a clause into the contract that the client must hand all work over after closing the partnership.
Client should ask, but ideally this will be written into the contract beforehand. I don't mind sharing source code but not for re-use in other projects.
Yeah this is no different than receiving a binary rather than the source, bundled code is close enough for this comparison (though it would be probably easier to unbundle code rather than decompile a binary, it’s still a fair amount of work)