In my view the same thing should apply to songwriting. The current standard is, you wrote a song if you wrote the melody or the words. Sometimes those are two different people.
If you added value in other ways, add your name to some other contract specifying distribution of proceeds.
The songwriting is extremely valuable, otherwise just write your own damn songs.
As an aside, "inherent value" is a mushy concept that seems to defy any meaningful description.