Add Update policy document

README.md

@@ -34,3 +34,7 @@ choreo list projects
 ```bash
 choreo describe <project|component>
 ```
+
+## Update Policy
+Please refer to our [Update Policy document](./UpdatePolicy.md) for more information
+

UpdatePolicy.md

@@ -0,0 +1,39 @@
+# Chroeo CLI Update Policy
+
+## Update Frequency
+We plan to release updates for the CLI on a bi-weekly basis, additionally, we may release unscheduled updates to 
+address critical security vulnerabilities or introduce major new functionality
+
+## Notification Strategy
+New updates will be announced through the following channels:
+- **In-tool notifications**: A message will be displayed within the CLI upon launch if a new version is available
+- **Release notes**: Detailed information about each update including bug fixes, new features and breaking changes, will be published on the public repository
+
+## Update Delivery Method
+Updates will be delivered through the following methods,
+
+### Package Managers(Not Available at now):
+If installed via package manager updates will be available through the standard update mechanism of the particular package manager
+
+### Installer Script:
+Simply running the installer script will install the latest version of the CLI
+
+## Rollback policy
+If you encounter any issues with a new update, you can downgrade to the previous version by using the following command
+
+```
+# mac OS and linux
+curl -o- https://cli.choreo.dev/install.sh | bash -s <release tag>
+
+# windows
+$arg = "<release-tag>"; $script = iwr https://cli.choreo.dev/install.ps1 -useb; & ([scriptblock]::Create($script)) $arg
+```
+
+## Breaking Changes
+Significant changes that may break existing workflows will be clearly documented in the update’s release notes. 
+We encourage users to review the release notes before installing an update to be aware of any potential issues
+
+## Versioning Scheme
+We use a <major>.<minor>.<patch> versioning scheme. Major releases introduce significant new features or breaking 
+changes. Minor releases address bugs and introduce minor improvements. Patch releases fix critical security 
+vulnerabilities