diff --git a/README.md b/README.md
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@@ -145,6 +145,7 @@ The Temporal Worker Controller eliminates this operational overhead by automatin
 
 | Document                                                    | Description                                                           |
 |-------------------------------------------------------------|-----------------------------------------------------------------------|
+| [Releases](docs/release.md)                                 | How we version and release the controller and Helm Chart              |
 | [Migration Guide](docs/migration-to-versioned.md)           | Step-by-step guide for migrating from traditional deployments         |
 | [Reversion Guide](docs/migration-to-unversioned.md)         | Step-by-step guide for migrating back to unversioned deployment       |
 | [CD Rollouts](docs/cd-rollouts.md)                          | Helm, kubectl, ArgoCD, and Flux integration for steady-state rollouts |
diff --git a/docs/release.md b/docs/release.md
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+# Releases
+
+This document explains our thinking around Releases of Temporal Worker
+Controller and associated Helm Charts.
+
+A Release is a coordination point for publishing a versioned set of artifacts.
+Each Release has a Github Release page which describes the changes in the
+Release and the artifacts associated with it.
+
+A Release Tag is simply the string name given to the Release.
+
+In the Temporal Worker Controller project, we cut two different kinds of Releases:
+
+* **Application Release**: contains the Temporal Worker Controller container image.
+* **Chart Release**: contains the Helm Charts that install the Temporal Worker
+  Controller and the Custom Resource Definitions (CRDs) used by the controller.
+
+These different kinds of Releases are on different cadences and use different
+version numbering.
+
+## Application Releases
+
+Application Releases refer to the Temporal Worker Controller code and the
+`temporalio/temporal-worker-controller` container image artifacts.
+
+Release Tags for official Application Releases will always use Semantic Version
+strings, e.g. `v1.42.1`.
+
+We bump the minor version number of the Application Release version when new
+features are added **to the controller code itself**.
+
+Likewise, We bump the patch version number of the Application Release version
+when bug fixes are added to the controller code itself.
+
+> **IMPORTANT**: Changes to the Application Release version string's minor and
+> patch versions **do not imply a change to either the Helm Chart Release
+> version or the APIVersion of the CRDs supported by the controller**. 
+
+## Chart Releases
+
+Chart Releases refer to the two Helm Charts that install the Temporal Worker
+Controller and manage the Custom Resource Definitions (CRDs) used by the
+controller.
+
+Release Tags for official Chart Releases are prefixed with the string `helm-`
+and the Semantic Version string for the Chart Release, e.g. `helm-v0.24.0`.
+
+**The major version of the Semantic Version string for the Chart Release refers
+to the APIVersion of the CRDs.**
+
+While the APIVersion of the CRDs is on the `v1alpha` series, the major version
+of the Semantic Version string for the Chart Release will remain on `v0`.
+
+When the APIVersion of the CRDs moves to the `v1` series, the major version of
+the Semantic Version string for the Chart Release will be bumped to `v1`.
+
+The minor version of the Semantic Version string for the Chart Release is
+bumped when we change the structure of the Helm Chart itself -- by adding,
+removing or modifying `values.yaml` options or adding, removing or modifying
+Kubernetes resources in the `templates/` directory.
+
+The patch version of the Semantic Version string for the Chart Release is
+bumped when we release a new Application Release and update the `Chart.yaml`'s
+`appVersion` field to point to a new Application Release.