diff --git a/README.md b/README.md
index 62534f3..59658bf 100644
--- a/README.md
+++ b/README.md
@@ -10,6 +10,9 @@ The SDK can be installed from PyPI as follows:
 $ pip install lmstudio
 ```
 
+Installation from the repository URL or a local clone is also
+supported for development and pre-release testing purposes.
+
 ## Examples
 
 The base component of the LM Studio SDK is the (synchronous) `Client`.
@@ -52,7 +55,32 @@ for message in EXAMPLE_MESSAGES:
     print(f"Shopkeeper: {response}")
 ```
 
-TODO: Refer readers to the SDK documentation for more info.
+Additional SDK examples and usage recommendations may be found in the main
+[LM Studio Python SDK documentation](https://lmstudio.ai/docs/python).
+
+## SDK versioning
+
+The LM Studio Python SDK uses a 3-part `X.Y.Z` numeric version identifier:
+
+* `X`: incremented when the minimum version of significant dependencies is updated
+  (for example, dropping support for older versions of Python or LM Studio).
+  Previously deprecated features may be dropped when this part of the version number
+  increases.
+* `Y`: incremented when new features are added, or some other notable change is
+  introduced (such as support for additional versions of Python). New deprecation
+  warnings may be introduced when this part of the version number increases.
+* `Z`: incremented for bug fix releases which don't contain any other changes.
+  Adding exceptions and warnings for previously undetected situations is considered
+  a bug fix.
+
+This versioning policy is intentionally similar to [semantic versioning](https://semver.org/),
+but differs in the specifics of when the different parts of the version number will be updated.
+
+Release candidates *may* be published prior to full releases, but this will typically only
+occur when seeking broader feedback on particular features prior to finalizing the release.
+
+Outside the preparation of a new release, the SDK repository will include a `.devN` suffix
+on the nominal Python package version.
 
 ## Contributing to SDK development
 
@@ -70,7 +98,6 @@ necessary to ensure the `lmstudio-js` submodule is updated:
 $ git submodule update --init --recursive
 ```
 
-
 ### Development Environment
 
 In order to work on the Python SDK, you need to install
diff --git a/pyproject.toml b/pyproject.toml
index cf2462a..1e498ed 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "lmstudio"
-version = "1.0.2.dev0"
+version = "1.1.0.dev0"
 description = "LM Studio Python SDK"
 authors = [
     {name = "LM Studio", email = "team@lmstudio.ai"},
diff --git a/src/lmstudio/__init__.py b/src/lmstudio/__init__.py
index 1f1dd2b..3132b41 100644
--- a/src/lmstudio/__init__.py
+++ b/src/lmstudio/__init__.py
@@ -1,6 +1,6 @@
 """LM Studio Python SDK."""
 
-__version__ = "1.0.2.dev0"
+__version__ = "1.1.0.dev0"
 
 
 # In addition to publishing the main SDK client API,