)Rosen is a limited liability company which is operating in the retail sale of flowers. Mrs. Vasiliou had been the CEO of Rosen Limited for a number of years.

During March 2016, the company has signed a three years contract with one of the largest retail distributors of flowers in the country. Mrs Vasiliou has left Rosen Ltd in June 2016 signing a non-compete agreement up to 31 December 2018. In January 2019, Mrs. Vasiliou had established her own company which was also dealing with the retail sale of flowers. At the lapse of the agreement with Rosen Ltd in March 2019, the large retail distributor of flowers (previously having a contract with Rosen Ltd) had approached Mrs. Vasiliou and they concluded an agreement to work together for the next 4 years.

Required:    

Assess whether Mrs. Vasiliou should account for her profits from the contract with the retail distributors to her previous employer Rosen Limited.

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Mrs Vasiliou should not account for her profits from the contract with the ... View the full answer