There are types of contracts that you should be wary of signing, particularly in the software engineering and IT industry. There are potential pitfalls of non-compete clauses, confidentiality agreements, exclusive distribution agreements, and vague project-based agreements. It's important to understand the implications of work-for-hire clauses, one-sided termination clauses, and unclear compensation rules. Read contracts thoroughly, negotiate terms, and seek legal advice if necessary. Remember, contracts are not set in stone and can be negotiated to ensure a win-win situation for all parties involved. So, before you sign any contract, make sure you understand every clause and its implications.