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Yes, the policy remains binding even after an employees separation from the company. Former employees are obligated to maintain the confidentiality of any sensitive information they had access to during their employment.
In essence, a due diligence clause allows you a period of time to undertake searches and investigations of a property and provides you with a right to terminate if these results are unsatisfactory.
An agreement between an employer and an employee concerning confidentiality and appropriate handling of the employers commercially valuable information, compliance with relevant security rules and policies, and protection of the employers intellectual property assets.
Settlement Agreement Confidentiality Clauses That the employee must not disclose any legitimate trade secrets or any information they have come into possession of as a result of working for the employer, to any third parties.
Such agreements fulfill two fundamental purposes. They limit the use of information deemed confidential by a counterparty in a transaction, where often the counterparty may be a direct competitor or someone who could benefit economically from unfettered use of confidential information.
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A confidentiality agreement for due diligence purpose is an agreement between two or more parties to keep something confidential for the purpose of due diligence.
All Confidential Information of a party shall remain the exclusive property of such party, and no right, title or interest in or to any of the Confidential Information or any material developed therefrom is transferred to the recipient party hereby or by its delivery to the recipient party hereunder.
Employees are expected to maintain the confidentiality of all sensitive information they have access to in the course of their job duties, including personal information about employees, customers, and other stakeholders, and proprietary and confidential business information.

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