diff --git a/src/governs_ai/__init__.py b/src/governs_ai/__init__.py
index a5299e6..1a04ff3 100644
--- a/src/governs_ai/__init__.py
+++ b/src/governs_ai/__init__.py
@@ -1,4 +1,5 @@
 from .client import GovernsAIClient, GovernsAIError, PrecheckError
+from .memory import MemoryClient, MemoryResult
 from .types import BudgetResult, PrecheckResult
 
 __all__ = [
@@ -7,4 +8,6 @@
     "PrecheckError",
     "PrecheckResult",
     "BudgetResult",
+    "MemoryClient",
+    "MemoryResult",
 ]
diff --git a/src/governs_ai/client.py b/src/governs_ai/client.py
index 1831e28..dfff8a8 100644
--- a/src/governs_ai/client.py
+++ b/src/governs_ai/client.py
@@ -4,6 +4,7 @@
 
 import httpx
 
+from .memory import MemoryClient
 from .types import BudgetResult, PrecheckResult
 
 
@@ -53,6 +54,12 @@ def __init__(
             "Content-Type": "application/json",
             "X-SDK-Language": "python",
         }
+        self.memory = MemoryClient(
+            base_url=self.base_url,
+            headers=self.headers,
+            timeout=self.timeout,
+            org_id=self.org_id,
+        )
 
     def __repr__(self):
         return f"<GovernsAIClient(base_url='{self.base_url}', org_id='{self.org_id}')>"
diff --git a/src/governs_ai/memory.py b/src/governs_ai/memory.py
new file mode 100644
index 0000000..cef1032
--- /dev/null
+++ b/src/governs_ai/memory.py
@@ -0,0 +1,197 @@
+"""Context memory client — store, search, and delete semantic memory entries."""
+
+from __future__ import annotations
+
+from dataclasses import dataclass, field
+from typing import Any, Dict, List, Optional
+
+import httpx
+
+
+@dataclass
+class MemoryResult:
+    """A single result from a context memory search.
+
+    Example::
+
+        hits = client.memory.search(query="communication prefs", top_k=5)
+        for hit in hits:
+            print(hit.content, hit.score)
+    """
+
+    memory_id: str
+    content: str
+    score: float = 0.0
+    metadata: Dict[str, Any] = field(default_factory=dict)
+
+    @classmethod
+    def from_dict(cls, data: Dict[str, Any]) -> "MemoryResult":
+        return cls(
+            memory_id=data.get("id", data.get("memory_id", "")),
+            content=data.get("content", ""),
+            score=data.get("score", 0.0),
+            metadata=data.get("metadata", {}),
+        )
+
+
+class MemoryClient:
+    """Client for GovernsAI context memory (RAG) operations.
+
+    Access via ``GovernsAIClient.memory``.
+
+    Example::
+
+        client = GovernsAIClient(api_key="...", org_id="org-123")
+        client.memory.store(content="User prefers weekly summaries")
+        hits = client.memory.search(query="communication preferences", top_k=5)
+    """
+
+    def __init__(
+        self,
+        base_url: str,
+        headers: Dict[str, str],
+        timeout: float,
+        org_id: Optional[str],
+    ) -> None:
+        self._base_url = base_url.rstrip("/")
+        self._headers = headers
+        self._timeout = timeout
+        self._org_id = org_id
+
+    def store(
+        self,
+        content: str,
+        metadata: Optional[Dict[str, Any]] = None,
+        user_id: Optional[str] = None,
+        agent_id: Optional[str] = None,
+    ) -> Dict[str, Any]:
+        """Store a memory entry and return the created record.
+
+        Example::
+
+            result = client.memory.store(
+                content="Customer prefers weekly summaries",
+                metadata={"source": "chat"},
+            )
+        """
+        payload: Dict[str, Any] = {
+            "content": content,
+            "content_type": "user_message",
+            "metadata": metadata or {},
+        }
+        if user_id:
+            payload["user_id"] = user_id
+        if agent_id:
+            payload["agent_id"] = agent_id
+        with httpx.Client(timeout=self._timeout) as http:
+            resp = http.post(
+                f"{self._base_url}/api/v1/context/store",
+                json=payload,
+                headers=self._headers,
+            )
+            resp.raise_for_status()
+            return resp.json()
+
+    async def async_store(
+        self,
+        content: str,
+        metadata: Optional[Dict[str, Any]] = None,
+        user_id: Optional[str] = None,
+        agent_id: Optional[str] = None,
+    ) -> Dict[str, Any]:
+        """Async variant of :meth:`store`."""
+        payload: Dict[str, Any] = {
+            "content": content,
+            "content_type": "user_message",
+            "metadata": metadata or {},
+        }
+        if user_id:
+            payload["user_id"] = user_id
+        if agent_id:
+            payload["agent_id"] = agent_id
+        async with httpx.AsyncClient(timeout=self._timeout) as http:
+            resp = await http.post(
+                f"{self._base_url}/api/v1/context/store",
+                json=payload,
+                headers=self._headers,
+            )
+            resp.raise_for_status()
+            return resp.json()
+
+    def search(
+        self,
+        query: str,
+        top_k: int = 5,
+        user_id: Optional[str] = None,
+        threshold: Optional[float] = None,
+    ) -> List[MemoryResult]:
+        """Search context memory by semantic similarity.
+
+        Example::
+
+            hits = client.memory.search(query="billing questions", top_k=3)
+        """
+        payload: Dict[str, Any] = {"query": query, "limit": top_k}
+        if user_id:
+            payload["externalUserId"] = user_id
+        if threshold is not None:
+            payload["threshold"] = threshold
+        with httpx.Client(timeout=self._timeout) as http:
+            resp = http.post(
+                f"{self._base_url}/api/v1/context/search",
+                json=payload,
+                headers=self._headers,
+            )
+            resp.raise_for_status()
+        data = resp.json()
+        items = data if isinstance(data, list) else data.get("results", [])
+        return [MemoryResult.from_dict(item) for item in items]
+
+    async def async_search(
+        self,
+        query: str,
+        top_k: int = 5,
+        user_id: Optional[str] = None,
+        threshold: Optional[float] = None,
+    ) -> List[MemoryResult]:
+        """Async variant of :meth:`search`."""
+        payload: Dict[str, Any] = {"query": query, "limit": top_k}
+        if user_id:
+            payload["externalUserId"] = user_id
+        if threshold is not None:
+            payload["threshold"] = threshold
+        async with httpx.AsyncClient(timeout=self._timeout) as http:
+            resp = await http.post(
+                f"{self._base_url}/api/v1/context/search",
+                json=payload,
+                headers=self._headers,
+            )
+            resp.raise_for_status()
+        data = resp.json()
+        items = data if isinstance(data, list) else data.get("results", [])
+        return [MemoryResult.from_dict(item) for item in items]
+
+    def delete(self, memory_id: str) -> None:
+        """Delete a memory entry by ID.
+
+        Example::
+
+            client.memory.delete(memory_id="mem-abc123")
+        """
+        with httpx.Client(timeout=self._timeout) as http:
+            resp = http.post(
+                f"{self._base_url}/api/v1/context/delete",
+                json={"memory_id": memory_id},
+                headers=self._headers,
+            )
+            resp.raise_for_status()
+
+    async def async_delete(self, memory_id: str) -> None:
+        """Async variant of :meth:`delete`."""
+        async with httpx.AsyncClient(timeout=self._timeout) as http:
+            resp = await http.post(
+                f"{self._base_url}/api/v1/context/delete",
+                json={"memory_id": memory_id},
+                headers=self._headers,
+            )
+            resp.raise_for_status()
diff --git a/tests/test_memory_client.py b/tests/test_memory_client.py
new file mode 100644
index 0000000..277785e
--- /dev/null
+++ b/tests/test_memory_client.py
@@ -0,0 +1,78 @@
+"""Unit tests for MemoryClient (context_memory)."""
+
+import json
+import pytest
+import respx
+import httpx
+
+from governs_ai import GovernsAIClient, MemoryResult
+
+BASE = "https://api.governs.ai"
+
+
+@pytest.fixture
+def client():
+    return GovernsAIClient(api_key="test-key", org_id="org-test")
+
+
+@respx.mock
+def test_store_sends_correct_payload(client):
+    route = respx.post(f"{BASE}/api/v1/context/store").mock(
+        return_value=httpx.Response(200, json={"id": "mem-123"})
+    )
+    client.memory.store(
+        content="Customer prefers weekly summaries",
+        metadata={"source": "chat"},
+    )
+    body = json.loads(route.calls[0].request.content)
+    assert body["content"] == "Customer prefers weekly summaries"
+    assert body["metadata"]["source"] == "chat"
+
+
+@respx.mock
+def test_search_returns_memory_results(client):
+    respx.post(f"{BASE}/api/v1/context/search").mock(
+        return_value=httpx.Response(
+            200,
+            json={
+                "results": [
+                    {"id": "mem-1", "content": "Weekly summaries preferred", "score": 0.95},
+                    {"id": "mem-2", "content": "Prefers email over Slack", "score": 0.80},
+                ]
+            },
+        )
+    )
+    results = client.memory.search(query="communication preferences", top_k=5)
+    assert len(results) == 2
+    assert all(isinstance(r, MemoryResult) for r in results)
+    assert results[0].memory_id == "mem-1"
+    assert results[0].score == 0.95
+
+
+@respx.mock
+def test_search_empty_returns_empty_list(client):
+    respx.post(f"{BASE}/api/v1/context/search").mock(
+        return_value=httpx.Response(200, json={"results": []})
+    )
+    results = client.memory.search(query="nothing here")
+    assert results == []
+
+
+@respx.mock
+def test_delete_sends_correct_id(client):
+    route = respx.post(f"{BASE}/api/v1/context/delete").mock(
+        return_value=httpx.Response(200, json={})
+    )
+    client.memory.delete("mem-abc123")
+    body = json.loads(route.calls[0].request.content)
+    assert body["memory_id"] == "mem-abc123"
+
+
+@respx.mock
+async def test_async_store_sends_correct_payload(client):
+    route = respx.post(f"{BASE}/api/v1/context/store").mock(
+        return_value=httpx.Response(200, json={"id": "mem-456"})
+    )
+    await client.memory.async_store(content="async memory entry")
+    body = json.loads(route.calls[0].request.content)
+    assert body["content"] == "async memory entry"