ISSUE:
Whether the director violated his fiduciary duties?
RULE:
A fiduciary relationship ends until the relationship that gave rise to it has been determined. After the relationship is established, the director is generally free of the ongoing responsibilities that characterize a fiduciary relationship. Acts performed by the directors when the employment contract is in effect but in preparation for competition after it ends are not inherently a violation of the implied term of allegiance and fidelity.