Create guidelines for improved repo quality

[dorukaks]

Purpose

Explain the goal of this PR, if it addresses an existing issue be sure to link to it. Creating guidelines for improved communication quality.

Tag each of the issues that you are addressing with this PR with "Closes #" Closes #3

Describe the big picture of your changes here, perhaps using a bullet list if multiple changes are done to accomplish a single goal. If it accomplishes multiple goals, it would be best to create separate PR's for each.

• Created ./formats directory for guidelines
• Created commits.md for commit guidelines

Type of change

What types of change is it? Select the appropriate type(s) that describe this PR

• New feature (non-breaking change which adds functionality)
• Repository chores (changes made to improve repository/workflow quality)

Checklist

Put an x in the boxes that apply.

• [ ] My code functions as intended
• [ ] I have used camelCase in my variable and function names
• [ ] I have commented my code properly
• [ ] I have provided the necessary prompts for automatic documentation
• [ ] I have provided a toy case under the examples folder
• [x] I have addressed all the issues entirely

[dorukaks]

@sahilbhola14 have a look at this as soon as you have time and quickly discuss the structure before we start to branch out for our tasks. I have an alternate repository structure in mind so maybe we can decide between those two. Shouldn't take much time (~10 mins)

[dorukaks]

Rebased the branch to current main branch per @sahilbhola14 's request (happened offline). Merging the PR.