diff --git a/VERSIONING.rst b/VERSIONING.rst
new file mode 100644
index 00000000..517d9f9b
--- /dev/null
+++ b/VERSIONING.rst
@@ -0,0 +1,19 @@
+*****************
+Versioning Policy
+*****************
+
+We will use a three-part X.Y.Z (Major.Minor.Patch) versioning definition with the following meanings.
+
+* X (Major) version changes cover changes to the code-base that are expected to break backwards compatibility.
+* Y (Minor) version changes cover moderate changes. These include significant (non-breaking) feature additions and might contain changes which break backwards compatability. If there are breaking changes, they will be explicitly stated in the release notes.
+* Z (Patch) version changes cover small changes. They will not break backwards compatibility.
+
+What this means for you
+=======================
+
+We definitely recommend always running on the most recent version of our code. This is how we recommend doing so. 
+
+* X changes will likely require dedicated time and work to incorporate into your code-base.
+* Y changes are unlikely to require significant (or any) work to incorporate. If you have good unit and integration tests, they can likely be picked up in an automated manner.
+* Z changes should not require any changes to your code and can be picked up in an automated manner. (Good unit and integration tests are always recommended.)
+