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Never try to negotiate with or rely on the word of those who have proven untrustworthy in the past. Verbal, written, or etched in stone, the commitments of people who have proven themselves willing to breach prior commitments are worse than worthless.
Are there unreliable people who "change" and become reliable?

Of course.

But the world is a big place and you only have one life to live. Do you want to be the guinea pig in an experiment of whether the individual in question is the needle in the haystack who has "changed"?
As Buffett says, it takes decades to build a reputation and a few minutes to destroy it.

That's very true, and everyone should remember it. Second chances are for movies and after school specials. In the real world, often there are no second chances.
Also: Do not confuse forgiveness, which is healthy in both personal life and business, with again exposing yourself to relying on the word of an untrustworthy individual.

It is unhealthy to hold grudges and good to forgive. But only a fool allows himself to be victimized again
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