This is an important issue because its resolution may dramatically affect the structure and valuation of settlements. One who knows that he or she is effectively settling on behalf of all co-owners of the work will likely demand from the alleged infringer more than if settling only for his or her own proportional share. Absence of clarity in this realm can, and indeed does, have the unfortunate effect of co-owners unwittingly settling infringement claims on behalf of all co-owners for far too little without realizing it. This is a windfall to the defendant, who in effect receives a complete settlement for just a fraction of its full value.