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A contract is a legal document binding two or more parties to its specific terms. One party agrees to do or give something to another party in exchange for a consideration, usually money. However, there are exceptions and extenuating circumstances that can allow for the cancellation of a contract with no financial. Having the headmaster fired and the top teach leave would definitely give rise to circumstances that have changed the agreement (i.e your daughter is not receiving the education you intially bargain for.
The most benign means to end a contract is to have all parties agree to its termination. For whatever individual reasons, if the parties consent, the contract can be broken. If you are attempting to get out of a contract, the first step is truly communication. Explain why you want to get out of the contract, and ask the school for permission to void it.
If that does not work Review the terms of the contract. If the party with which you enter into the contract fails to fulfill his obligation under the terms of the contract, you can deem the contract void and refuse to honor its existing terms. The circumstances surrounding the headmaster and the teacher leaving would certainly give rise to the fact that the school is not fulfilling its obligation.
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The dismissal of the headmaster, the loss of a star teacher, and the hiring of an incompetent teacher are ground for you to void the contract based on the school not fulfilling its obligation. I would say that you have a strong case to void the contract based on the changing circumstances. Although no mention of the schools obligation, there is an implied obligation to provide satisfactory service and you had an expectation of the headmaster and the star teacher being part of that obligation which is now broken. Therefore on those grounds I do not see why you would not be able to void the contract.
Of course the school is going to argue that they did hire a satisfactory teach to replace the star teacher and that the headmaster acts were out of there control, so this could go either way if it was brought in front of a jury. I would contact the school and ask them to let you out of the rest of your obligation. If they do not you can play hard ball and threaten to go to other petition other parents.