Can team manager or contract owner see my work and file? If I don't share file to him ?
What information can the contract owner know?
Ultimately, an administrator of your Teams subscription can see your cloud data. But it is not that easy, like simply peaking around. If you are in a corporate environment, it's probably easier to log on to your PC and check the data there.
Check here for information on storage management: https://helpx.adobe.com/enterprise/using/manage-adobe-storage.html#Storageoverview
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and they're entitled to everything they are paying for. ie, if they're paying for a subscription to app A, they're entitled to everything you produce with app A unless you have an explicit agreement saying otherwise.