BaristoSerf Ltd is an ASX listed company that specializes in coffee making technologies. It was founded in 1997 by Len Gainsworth and is the only Australian company specializing in the coffee-making technology industry. Len Gainsworth is a director in BsaristoSerf and the inventor of several coffee making technology patents that he sold to BaristoSerf.

In 2020, Len Gainsworth decides to set up a new company called Gainsworth Coffee Pty Ltd in which he will be both a director and a major shareholder. Len intends that his new company will specialize in coffee making technology and become a possible rival to BaristoSerf in the future. Len has not had time to tell anyone at BaristoSerf about his new company-he keeps his plans secret. Len also gifts his technology patents to Gainsworth Coffee Pty Ltd for free.

Has Len Gainsworth breached his director duties?

Make sure that you use I.R.A.C structure for your answer

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