Vaughan Jones' paper "The planar algebra of a bipartite graph" is short and example-focused. It's got the "right" definition (phrased with operads) and the mechanics of the bipartite graph planar algebra. While the bipartite graph planar algebra isn't a subfactor planar algebra, it's pretty darn close.
A subfactor planar algebra, by the way, is one which meets restrictions on the sizes of the spaces involved and has an inner product. Unsurprisingly, they give rise to subfactors (through machinery of Popa).
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